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Higher oil prices are further squeezing already slowing real incomes, particularly for lower-income households. Maintain a clear understanding of your core customer base and remain responsive to shifting price sensitivity and demand.
March saw heightened market anxiety: oil traded primarily in the $90s range and stocks fell 5.1%. While unsettling, similar declines in 1994 and 2025 stabilized without derailing macroeconomic growth. The stock market has since been rebounding for much of April. Consumer income growth is on the weaker side, suggesting a reliance on savings and more measured spending ahead.
ITR Economics Long-Term View
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