The Federal Reserve and the U.S. government are continuing to implement policy measures in an effort to curb inflation, raising rates by another 75 basis points in September. While inflation has been steadily slowing, the reality is that consumers will likely continue to see higher prices through the end of the year.
What’s more, an uncertain economic and political environment this fall may have an impact on consumer confidence, potentially squeezing spending ahead of the holidays. As retailers navigate the next few months, they should consider their approach to offering, promoting, and leveraging financing programs to build long-term customer relationships.
