Signs continue to mount that high rates are biting into US consumer spending ...Middle East

Last week, I highlighted comments from online furniture retailer Wayfair, where executives said that interest rates were biting hard:"Q2 was a dynamic quarter that resulted in another period of share gain, amid continued macro headwinds that are pressuring the ways customers are shopping the category. Customers remain cautious in their spending on the home, and our credit card data suggests that the category correction now mirrors the magnitude of the peak to trough decline the home furnishing space experienced during the great financial crisis," said Niraj Shah, CEO, co-founder and co-chairman.Today, it's composite decking company Trex, whose shares plunged 21% on earnings. Here is w

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