
Retailers just sounded an alarm on inflation. It's worth heeding
CNN
Shares of retailers were pummeled on Wednesday as investors dug through the latest earnings results from Target and Walmart, which were flush with signs that the economy is entering a period of deep uncertainty.
What's happening: Inflation is already causing consumers to pull back spending on some items as they look to cut expenses, a shift that will have major consequences for the next phase of America's recovery from the pandemic, the country's top chains revealed.
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