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Economy
Target out of business
People shop during the going-out-of-business sale at Target Canada in Toronto, February 5, 2015. Target Corp is closing its stores in Canada after the insolvent retailer came to an agreement with its landlords to start liquidation.

REUTERS/Mark Blinch

  • Consumers are finally slowing their spending and experts say that's a warning sign of the economy. 
  • Americans have propped up the economy with a powerful spending spree in the last two years.
  • But consumer confidence is starting to wane amid elevated inflation and a weakening job market.

Consumer spending is slowing, and it's a warning shot for the US economy as it navigates the approach to a soft or a hard landing. 

Tags
economy, Markets, Recession, recession-outlook, recession-2024, us-economic-outlook, consumer-spending, retail-spending, Growth, GDP, consumer-confidence, job-market, job-market-outlook, Inflation, cost-of-living, us-inflation-outlook
Source
The consumer slowdown is here and its flashing a recession warning for the econ…