Some consumers are punting big purchases like pools and mattresses
Publishing timestamp: 2024-05-18 11:46:06
Summary
Consumers are delaying big purchases like furniture and pools due to high interest rates and inflation, impacting companies across various industries. This trend could signal to the Federal Reserve that interest rate hikes are working, but it is also affecting consumer spending and corporate earnings.
Sentiment: MIXED
Tickers: ENPH, GNRC, WHR, GOOGL, BBY, HD, POOL, BRK.A, LEG, W, SNBR,
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