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US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook /
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2024-06-19 10:04:58

US Retail Sales Face Challenging Start in 2024 Amidst Decline and Uncertain Economic Outlook on Nostr: US Retail Sales Growth Slows in May as Consumers Face Inflation and High Interest ...

US Retail Sales Growth Slows in May as Consumers Face Inflation and High Interest Rates, Global Goods Demand Weakens: Report
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#fed009b0 ver:0.66

US retail sales growth slows in May as consumers face inflation and high interest rates, global goods demand weakens. Concerns about economic growth and potential recession arise. Gas station sales down 2.2%, furniture and home furnishing stores down 1.1%, while specialty stores and online sales see slight increases. The Federal Reserve may consider rate cuts in September. Consumer spending cautious due to inflation and credit conditions. Manufacturing output rises 0.9% in May. Global goods demand weakens to 1.5% YoY in May, below pre-Covid trend. US sales supporting global demand but have weakened in the last two months. Excess savings in the US expected to be depleted by March 2025. #RetailSales #Inflation #InterestRates #EconomicGrowth #Recession #ConsumerSpending #Manufacturing #GlobalDemand...

#newstr #UsRetailSales #ConsumerSpending #FederalReserve #InterestRates #ManufacturingProduction #GlobalGoodsDemand #GlobalGrowthOutlook

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