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US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook /
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2024-07-16 13:58:23

US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Remain Flat in June, Defying Expectations =============== #fed009b0 ...

US Retail Sales Remain Flat in June, Defying Expectations
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#fed009b0 ver:0.78

US retail sales defy expectations, remaining flat in June. The surprising stability suggests consumer spending may be more resilient than thought, despite concerns about inflation and higher interest rates. The report will impact the USD and could confirm consumer weakness. Excluding autos and gas, retail sales rose 0.8% in June, exceeding estimates. Nonstore retailers led gains, while gasoline stations and auto dealers saw declines. The update comes amid a cooling US economy, prompting expectations of a Fed interest rate cut. #RetailSales #ConsumerSpending #USD #Economy...

#newstr #UsRetailSales #AmericanConsumers #Usd #InflationaryPressures #InterestRates #ConsumerWeakness #FederalReserve #InterestRateCut

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