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US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook /
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2024-06-18 15:58:23

US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Miss Expectations in May Amid Slowing Sales Growth =============== ...

US Retail Sales Miss Expectations in May Amid Slowing Sales Growth
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#fed009b0 ver:0.57

US retail sales in May fell short of expectations, rising only 0.1% instead of the projected 0.3% gain. This indicates a softening in consumer demand and raises concerns about economic growth. Gas stations saw the largest decline in sales, while specialty stores experienced the strongest spending. The slower growth is attributed to high interest rates and inflation, raising concerns about the US economy and the potential for a recession. The less-than-expected increase in retail sales may lead to a rate cut by the Federal Reserve in September. #RetailSales #USeconomy #RateCut...

#newstr #UsRetailSales #Inflation #InterestRates #Economy

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