Inflation is beginning to cool down – in part because Americans are simply fed up with paying higher prices.
Economists say consumers have begun searching for cheaper alternatives – or changed their buying habits completely – rather than continue to make expensive purchases.
That’s convinced companies that they can’t raise prices any further, pushing inflation rates towards pre-pandemic levels.
However, some economists are concerned that a drop in consumer spending will have a negative impact on the economy, hurting the job market as well as Wall Street.
