Given the high level of sales in 2022 (more than $22 billion in 2022 through September 30, according to Treasury statistics), many consumers may have already reached this annual maximum
A new paradigm for the global economy has formed, and this may mean that inflation and higher interest rates are here to stay.
At least that is what the group of investment experts at Bank of America said this week.
The consumer price index (CPI), which rose 8.2% from a year ago on Thursday, surprised to the upside once again.
Their remarks couldn't have come at a better moment.
According to some, "fundamental changes" in the labour market and demography, as well as trends like deglobalization and underinvestment .