US (dis?) inflation - Target to cut prices on another 5000 items ...Middle East

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US (dis?) inflation - Target to cut prices on another 5000 items
US retailer Target cut prices on more than 1,500 popular items, effective Monday.And promises “thousands more price cuts” (on 5,000 times) ahead. This is said to be in response to attract "inflation-wary shoppers turned off by high prices".Info comes via loads of media reports, here's one:Target is cutting prices on up to 5,000 items to lure back inflation-weary shoppersIf this drives down inflation rates it'll be welcomed at the Fed. Right now the prospect of rate cuts looks dim, these posts from Monday alone:Fed's Bostic: It is going to take a while before we are certain inflation is headed to 2%Fed Gov. Barr: Q1 Inflation was disappointing. Did not provide confidence to ease policy.Fed Go

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