_retail-spending-in-may-falls-short-of-expectations-raising-concerns-of-economic-slowdown.jpg "Retail Spending in May Falls Short of Expectations, Raising Concerns of Economic Slowdown from aston mama raise no Video Screenshot Preview")
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⏲ Duration: 0:37
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✓ Published: 19-Jun-2024
👁 View: 710K times
✓ Published: 19-Jun-2024
Description:
Retail spending in May was weaker than anticipated, with sales rising only 0.1%, slightly below the expected 0.2% increase. This follows a revised 0.2% decline in April. Year-over-year, sales increased by 2.3%. The stock market remained stable, and Treasury yields declined post-report. With consumer spending critical to economic activity, this data raised concerns about a potential economic slowdown and future Federal Reserve monetary policy. The inflation rate in April was above the Fed's target at 2%.
Retail spending in May was weaker than anticipated, with sales rising only 0.1%, slightly below the expected 0.2% increase. This follows a revised 0.2% decline in April. Year-over-year, sales increased by 2.3%. The stock market remained stable, and Treasury yields declined post-report. With consumer spending critical to economic activity, this data raised concerns about a potential economic slowdown and future Federal Reserve monetary policy. The inflation rate in April was above the Fed's target at 2%.
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