Even when you adjust for inflation, Americans continue to spend more and more. Part of the increase in expenses comes thanks to the considerable savings people have accumulated during Corona, and the strong labor market in the US also encourages continued consumption – but this will not continue forever. The CEO of Walmart reports that at the current stage people are switching to buying less luxury products and more basic products, and it is possible that the next stage ( with the continuation of interest rate increases and the depletion of savings) there will be a reduction in consumption – which will encourage a decrease in inflation.
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