US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: Top Fed Official Suggests Rate Cut as US Retail Sales Slow =============== #fed009b0 ...
Top Fed Official Suggests Rate Cut as US Retail Sales Slow
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#fed009b0 ver:0.62
US retail sales rose just 0.1% in May, falling short of the projected 0.3% gain, indicating a softening in consumer demand. Gas stations saw the largest decline, down 2.2%, 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 #ConsumerSpending #FederalReserve #InterestRates
https://here.news/story/fed009b0?ver=0.62
===============
#fed009b0 ver:0.62
US retail sales rose just 0.1% in May, falling short of the projected 0.3% gain, indicating a softening in consumer demand. Gas stations saw the largest decline, down 2.2%, 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 #ConsumerSpending #FederalReserve #InterestRates
https://here.news/story/fed009b0?ver=0.62