American consumers started the year on shaky footing but a bounce back could be in sight.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribehave caused staff to leave the company and that he expects to see more walk out."If you have a position that does not cost you ever to lose an employee, it's not a position," Karp said in an interview on CNBC.
"Most households have run down the excess savings accumulated during the pandemic, while the cost of credit has jumped and last year's plunge in home sales has depressed demand housing-related retail items like furniture and appliances."The report is the last major piece of economic data to be released prior to the central bank's policy meeting next week.
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