US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Remain Flat in June as Consumption Cools =============== #fed009b0 ...
US Retail Sales Remain Flat in June as Consumption Cools
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#fed009b0 ver:0.9
US retail sales remain flat in June as consumption cools, with gas stations and auto dealerships weighing down overall figures. However, online sales and clothing/accessories store sales saw increases. Control retail sales, excluding certain categories, rose 0.9%. Consumers are still spending, driven by income growth and employment, but are value-conscious and relying on credit cards. Inflation declined, and the Federal Reserve believes it's heading back to its 2% target. The report comes amidst upheaval in the retail landscape, with Saks Fifth Avenue acquiring Neiman Marcus and Macy's terminating buyout talks. #RetailSales #ConsumerSpending #Inflation #Economy...
#newstr #UsRetailSales #Consumption #Economy #FederalReserve
https://here.news/story/fed009b0?ver=0.9
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#fed009b0 ver:0.9
US retail sales remain flat in June as consumption cools, with gas stations and auto dealerships weighing down overall figures. However, online sales and clothing/accessories store sales saw increases. Control retail sales, excluding certain categories, rose 0.9%. Consumers are still spending, driven by income growth and employment, but are value-conscious and relying on credit cards. Inflation declined, and the Federal Reserve believes it's heading back to its 2% target. The report comes amidst upheaval in the retail landscape, with Saks Fifth Avenue acquiring Neiman Marcus and Macy's terminating buyout talks. #RetailSales #ConsumerSpending #Inflation #Economy...
#newstr #UsRetailSales #Consumption #Economy #FederalReserve
https://here.news/story/fed009b0?ver=0.9