The US consumer is flashing red flags all over the place
News Source : Business Insider
News Summary
- Walmart reported its first comparable-sales loss in six years on Thursday.
- The stock fell as much as 10% in early trading before finishing the day 9% low.
- The market has lost a bit of faith in one of its steadiest retailers.
- Walmart's rough report is just one in a growing list of red flags surrounding the US consumer.
- It's hard to imagine the Fed wanting to further constrict an already-sensitive consumer.
- The Fed may soon have to make that uncomfortable decision.
When the US consumer is weakening, Walmart is usually one of the last dominoes to fall. When economic conditions get tough, lowincome shoppers rely on it even more.
Never miss a story from us, subscribe to our newsletter