Mideast Tensions Effect, Tesla Falls On Deliveries, Nike Doesn't Do It 10/2/24
Squawk on the Street
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Consumer Behavior Amid Rising Rates
This chapter explores the effects of increasing interest rates on consumer spending patterns, particularly in the automotive and food sectors. It highlights a reluctance to make significant purchases due to unfavorable financing conditions, alongside insights from industry executives. The discussion further delves into corporate performance, particularly Nike and Ford, as they navigate shifting consumer preferences and market challenges.
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