Consumers Spend Less and Expect Lower Prices

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Data released today indicates that consumers are spending less as they anticipate lower prices, as shown on the two graphs below.

The same can be said of world demand on U.S. goods, as figures released today show a drop in Trade Balance, as shown on the graph below.

The only logical conclusion that I can draw from this is that higher prices will equate to even lower demand by both U.S. consumers and global markets.