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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 20:05:10

US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Remain Unchanged in June, Indicating Consumer Resilience ...

US Retail Sales Remain Unchanged in June, Indicating Consumer Resilience
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#fed009b0 ver:0.86

US retail sales remained unchanged in June, indicating consumer resilience. Online sales rose 1.9% and clothing store sales increased by 0.6%, while gas stations and auto dealerships weighed down the overall figure. The report suggests consumers are still spending, driven by income growth and employment. However, retailers face value-conscious consumers relying on credit cards. Inflation declined by 0.1% and the Federal Reserve believes it's heading back to its 2% target. The report comes amidst retail upheaval, with Saks Fifth Avenue acquiring Neiman Marcus and Macy's terminating buyout talks. #RetailSales #ConsumerSpending #Economy...

#newstr #UsRetailSales #ConsumerSpending #Inflation #Employment #SaksFifthAvenue #NeimanMarcusGroup #Macy's #EconomicGrowth #FederalReserve #InterestRates

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