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Stock impact report

Rising inflation tightens squeeze on consumers [ABC News]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: ABC News
Rising inflation tightens squeeze on consumersRetail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spendingByDAMIAN J. TROISE AP Business WriterJanuary 20, 2022, 3:10 PM•1:19How inflation is impacting consumersWith inflation hitting a 40-year high, ABC News spoke with economists about how it hits Americans’ wallets and what can be done to ease it.ABCNews.comRetail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending.Consumers paid more for everything from groceries to cars in 2021 as companies passed along the costs of pricier raw materials and supply chain delays. Spending remained strong thanks to pent-up demand throughout the year, despite the rising costs and longer waits for big-ticket items like cars and furniture.Pressure from inflation has been building, though, as have concerns that consumers Show less Read more
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