U.S. retail sales tick up in boost to economy
==========
Retail sales increased by 0.1% from July to August 2024; this follows a significant surge marking the highest growth in 18 months; online retailers, sporting goods, and home and garden stores reported stronger sales; average wages for lower-income Americans have risen since the pandemic; inflation eased to a three-year low of 2.5%; the Federal Reserve is expected to cut interest rates in upcoming meetings; consumer spending remains robust despite rising credit card debt and decreasing savings; retail sales data shows online sales up by 1.4%, while restaurant spending was flat; gas station sales declined by 1.2%; the U.S. economy grew by 2.5% in Q3 2024 according to the Atlanta Fed; many consumers are shifting to discount retailers due to inflation pressures.
#RetailSales #Economy #Inflation #FederalReserve #ConsumerSpending #InterestRates #Q3Growth #DiscountRetailers #Wages #EconomicPolicy
https://www.newsweek.com/us-retail-sales-economy-federal-reserve-interest-rates-1955161
Newsweek /
npub1ka…2agq5
2024-09-17 19:50:51
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wss://relay.damus.ioPublished at
2024-09-17 19:50:51Event JSON
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"content": "U.S. retail sales tick up in boost to economy\n==========\n\nRetail sales increased by 0.1% from July to August 2024; this follows a significant surge marking the highest growth in 18 months; online retailers, sporting goods, and home and garden stores reported stronger sales; average wages for lower-income Americans have risen since the pandemic; inflation eased to a three-year low of 2.5%; the Federal Reserve is expected to cut interest rates in upcoming meetings; consumer spending remains robust despite rising credit card debt and decreasing savings; retail sales data shows online sales up by 1.4%, while restaurant spending was flat; gas station sales declined by 1.2%; the U.S. economy grew by 2.5% in Q3 2024 according to the Atlanta Fed; many consumers are shifting to discount retailers due to inflation pressures.\n\n#RetailSales #Economy #Inflation #FederalReserve #ConsumerSpending #InterestRates #Q3Growth #DiscountRetailers #Wages #EconomicPolicy\n\nhttps://www.newsweek.com/us-retail-sales-economy-federal-reserve-interest-rates-1955161",
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