The Fed Is Watching Black Friday. It Needs to Shop for More Data. | Barron’s
Black Friday and its online sister Cyber Monday often provide key insights into the health of the U.S. consumer. The diagnosis this year takes on increased significance in light of the deteriorating economic landscape.
Holiday shoppers will be closely monitoring the best deals, perhaps more keenly than in recent years given rising inflation and interest rates. But there will be another group of eager observers watching from afar—Federal Reserve officials.