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Contrarian call suggests consumers are in trouble this holiday season
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It may be evidence inflation is meaningfully stretching budgets.
According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season.
«There's still this narrative that the rebound is there,» the Economic Cycle Research Institute co-founder told CNBC's "Trading Nation" on Wednesday. «The hope had been people would shift from goods to services, and that would keep reaccelerating… That hasn't
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