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US retail sales ticked up last month in sign of ongoing consumer resilience

apnews.com
submitted
10 mos ago
byoldkingkongtofinance

Summary

Retail sales ticked up 0.1% from July to August, after jumping the most in a year and a half. Online retailers, sporting goods stores, and home and garden stores all reported higher sales.

The Fed could provide a further boost to consumers and the economy by lowering borrowing costs. Average mortgage rates have already fallen in anticipation of the Fed’s actions.

Inflation has fallen from a four-decade high of 9.1% in June 2022 to 2.5% in July. Some economists argue that the central bank does not need to keep rates that high.

 grocery store grocery food market market shopping cart toyshop shoe shop shoe-shop shoe store-0
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6 Comments

3
humboldt
10 mos ago
Everything is indicating rate cuts!!
2
oldkingkongOP
10 mos ago
It finally happened 😱😱😱
2
humboldt
10 mos ago
Oh yeah!!!
2
blackbeardsship
10 mos ago
Bring on the money printer!! Brrrr
2
humboldt
10 mos ago
I'm choosing to believe you made it happen lol
2
blackbeardsship
10 mos ago
I'm just that good baby