This spending power will feed more inflation: John Carney
Breitbart Economics and Finance editor John Carney provides insight on the state of the U.S. economy on ‘Kudlow.’v
Despite the strong holiday season, Macy's CEO Jeff Gennette says he is cautious about the consumer's desire to go out and spend after seeing a drop-off in self purchases.
"I am cautious," Gennette told Bloomberg's Caroline Hyde during an interview during NRF 2023: Retail’s Big Show in New York City on Sunday.
Gennette explained that the gift giving periods "were quite strong during the November and December timeframe."