The primary appeal of fast-food burgers (even though the food is terrible for your health) is cheap and fast. However, 3.5 years of disastrous Bidenomics (enabled by Fed chair Powell) has sparked an inflation shitstorm that continues to spread through the economy like stage-four cancer, with low-consumers under severe pressure - this was even acknowledged by McDonald's in its latest earnings report.
Now, McDonald's could re-launch $5 combo meal deals, according to Bloomberg, citing a person familiar with the upcoming promotion. This could include a McChicken or a McDouble, fries, and a drink.
The potential new offering comes as Goldman analysts warned that low-income consumers are in rough shape and pulling back spending amid mounting stagflation threats.
"With >75% of the US consumer universe having reported Q1 results, we see indications that the US consumer is proving more stretched than previously anticipated as inflation combined with a bit of softening in the macro (lower payrolls & an uptick in unemployment in April), elevated gas prices & high interest rates continue to eat into spending power & consumer confidence," Goldman analysts headed by Bonnie Herzog wrote in a note to clients on Thursday.
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