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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 14:01:08

US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Struggle Amid High Inflation and Interest Rates =============== ...

US Retail Sales Struggle Amid High Inflation and Interest Rates
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#fed009b0 ver:0.54

US retail sales struggle as high inflation and interest rates dampen consumer demand. May sales rose only 0.1%, missing forecasts, and consumer sentiment dropped for the third consecutive month. Selective spending choices and price reductions by major retailers reflect cautious consumer behavior. Rising credit costs and inflationary pressures are impacting the economy and raising concerns about a potential recession. #RetailSales #Inflation #InterestRates #ConsumerSpending #USconomy...

#newstr #UsRetailSales #ConsumerSpending #FederalReserve #Inflation

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