As we approach the festive season, fintech innovation appears set to deliver a timely boost to retail stocks as Wall Street prepares for a softer outlook for consumers.
The impact of lingering high inflation rates and historically higher interest rates have compounded to create a series of spending shortfalls for consumers who would usually be getting into gear ahead of Thanksgiving and Christmas during this time of year.
However, following a steady flow in fintech investments throughout the first half of 2024, leading retailers could find themselves performing better despite the impact on consumer spending power.
Despite a series of economic
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