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Target Just Revealed a Sudden Shift in Consumer Spending
Description
Target is throwing in the towel on its previous losing strategy. Like many businesses, it tried to raise prices only to find its customers going elsewhere, largely to Walmart. Now Target is slashing its prices including on the towel it just threw in. The retail giant simply has no other choice given the sudden change in consumer behavior we’re seeing across the economic landscape.
Eurodollar University's Money & Macro Analysis
Target cuts prices on 3,000 items as stubborn inflation keeps US consumers on edge
https://www.reuters.com/business/target-slashes-prices-more-than-3000-products-2026-03-11/
Fewer Americans Plan to Travel After Surging Fuel Costs Hit Budgets
https://www.bloomberg.com/news/articles/2026-04-02/fuel-price-rise-on-iran-war-has-americans-putting-vacations-on-hold
Numerator Consumers React to Rising Gas Prices
https://www.numerator.com/resources/blog/consumers-react-rising-gas-prices/
FRBNY SURVEY OF CONSUMER EXPECTATIONS
https://www.newyorkfed.org/microeconomics/sce#/
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU