US (dis?) inflation – Target to cut prices on another 5000 items

US retailer Target cut prices on more than 1,500 popular items, effective Monday.

  • And promises “thousands more price cuts” (on 5,000 times) ahead.

This is said to be in response to attract “inflation-wary shoppers turned off by high prices”.

Info comes via loads of media reports, here’s one:

If this drives down inflation rates it’ll be welcomed at the Fed. Right now the prospect of rate cuts looks dim, these posts from Monday alone:


This article was written by Eamonn Sheridan at Source