As consumer spending is under pressure while inflation remains sticky, more companies are looking for strategies to get customers back in their doors. Wendy's (WEN) announced a new $3 breakfast combo meal, which will debut on Monday. Meanwhile, Target (TGT) announced it will slash prices on five thousand items.

Yahoo Finance's Seana Smith and Madison Mills discuss whether these measures will be successful among consumers looking to manage their budgets and cut back on spending.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Melanie Riehl