7 Budget-Friendly Retail Plays Due for a Tax Refund Spending Boost

At the beginning of 2024, retail stocks has a bright outlook. Consumer spending was holding up, the rate of inflation was easing, and there were expectations of an interest-rate cut.  That three-legged stool looks more unstable. The latest reading on inflation showed an uptick that is likely to follow oil prices higher, and Federal Reserve chair Jerome Powell is making it clear that investors should not count on rate cuts anytime soon. Still, it’s not altogether crazy to invest in retail stocks. As the late ...