Consumers and Inflation

Will consumer spending pull back before the Fed comes in stronger with the rate hikes?

Walmart and other retailers continue to brace for a consumer spending pullback while consumers are seemingly ignoring analysts’ warnings and spending more. In spite of all the doom and gloom chatter going on all around us, consumers continue to spend money as noted by last week’s PCE release that came in at 4.7%, which is 0.1% higher than the previous m…