After a post-pandemic shopping spree, some Americans are becoming more selective with their spending as they struggle with factors like inflation. Although overall consumer spending remains strong, analysts say they detect worrying shifts in shopping habits. Financial reports this week from retailers including Macy’s, Kohl’s, Foot Locker and Nordstrom suggest that consumers are no longer buying with abandon. Executives also flagged rising credit card delinquencies and higher rates of retail theft as ominous signs that consumers could be strapped for cash. China, the world’s second-largest economy, which once seemed unstoppable, is plagued by a series of problems and a growing lack of faith in the future.

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Persons: Locker, Nordstrom, Jackson, — Jerome Powell Organizations: Federal Reserve Locations: Kohl’s, Wyoming, China