US and Hong Kong Retail Sales Decline in May, Raising Concerns about Economic Growth
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#fed009b0 ver:0.7

US retail sales disappoint in May, rising just 0.1% instead of the expected 0.3%. Gas station sales drop 2.2%, while specialty stores see a 2.8% increase. High interest rates and inflation weigh on consumers, raising concerns about the economy and potential recession. The Federal Reserve may cut rates in September. Meanwhile, Hong Kong retail sales decline 11.5% in May, marking the second consecutive month of double-digit decrease. Changes in consumption patterns and the strength of the Hong Kong dollar contribute to the poor performance. #RetailSales #EconomicGrowth #US #HongKong...

#newstr #UsRetailSales #HongKongRetailSales #ConsumerSpending #EconomicGrowth 

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