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US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook /
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2024-05-17 01:59:42

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:0.4

US retail sales stall in April, raising concerns about consumer spending and household debt. Downward revisions and stagnant sales indicate a softening economy. Rising prices and interest rates may limit discretionary purchases. Household debt reaches record high, potentially straining consumer finances. Inflation eases slightly, providing relief for consumers. Changing retail landscape sees non-store retailers and sporting goods/hobby merchants experience sales decreases, while petrol stations see an increase. Slowing consumer spending and weakening job market contribute to economic uncertainty. #RetailSales #ConsumerSpending #HouseholdDebt #Economy...

#newstr #UsRetailSales #ConsumerSpending #HouseholdDebt #RecessionWarning

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