US retail sales fell 0.4% in February from the month before, the Department of Commerce reported on Wednesday. That decline, which was adjusted for seasonal swings, was greater than economists’ expectations of a 0.3% drop, according to Refinitiv estimates. Retail sales data, which is not adjusted for inflation, were up 5.
4% from the year prior. The February data shows that consumers eased up on spending after a stronger-than-expected start to 2023. In January, consumers splurged after a muted holiday season. January retail sales rose an upwardly revised 3.3%, according to data from the Commerce Department’s Census Bureau. This story is developing and will be updated.
It's all collapsing economically, but you corporate propagandists feign 'surprise' when the inevitable occurs. What a gaslit nation.
Paul Craig Roberts, Chairman of the Institute for Political Economy believes the policies of the US Federal Reserve are responsible for the banking crisis, and could lead to more failures. 'For many years, the Fed Reserve kept the rates very low.....
Bidenflation
Sooner or latter all the money we saved while locked down and all the money the govt gave us during lockdown will be spent. That is when inflation will go down.
Spendy? Really? And you're professionals?
I bet they’re too dumb to factor in the fact February has 3 less days than other months
Um rent and food the two necessities rose
Unemployment here it comes
I think that’s called debt, It’s why they pulled back. There’s no more MONEY!
Lol...
RETAIL SALES? WHY ARE YOU SHOWING A RESTRAUNT.
You know, if February had 2-3 extra days, it’d have easily surpassed the January numbers! Just sayin’
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