If the fed raises rates with all the debt out there game over. The economy is in no shape for hikes.

Americans Are Cutting Back on Groceries – Recession Watch

Politicians can point to a lower inflation report, but they cannot explain why Americans are standing in grocery aisles putting food back on the shelf. CNBC reports that consumers are spending less on groceries, forcing companies like PepsiCo, General Mills, Kraft Heinz, Campbell’s, and Conagra to slash prices and rely on promotions simply to move inventory. Millions have reached the point where every trip to the store has become an exercise in deciding what they can live without.

The numbers tell a much darker story than the headlines. Americans now owe roughly $1.25 trillion in credit card debt, the highest level ever recorded. The average credit card balance has climbed above $6,500, while interest rates on many cards remain above 21%. Families who cannot pay their balances in full are watching interest charges consume more of every paycheck. According to recent surveys, roughly one-third of working-age Americans have used credit cards to purchase groceries, and millions are carrying that grocery debt month after month because they simply do not have another option.