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US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook /
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2024-05-16 23:56:38

US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Stall in April Amidst Downward Revisions and Concerns over Household ...

US Retail Sales Stall in April Amidst Downward Revisions and Concerns over Household Debt
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#fed009b0 ver:0.39

US retail sales stall in April, raising concerns about consumer spending and household debt. With downward revisions and 0.1% drop in sales (excluding cars and fuel), the economy faces challenges. Rising prices and interest rates may limit discretionary purchases. Household debt at record high, contributing to softening demand. However, slight easing of inflationary pressure provides some relief. Changing retail landscape seen in sales decreases for non-store retailers and sporting goods, but increase in petrol station sales. Mixed picture for the economy with signs of resilience and cautious optimism. #RetailSales #ConsumerSpending #HouseholdDebt #Economy...

#newstr #UsRetailSales #ConsumerSpending #HouseholdDebt

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