US Retail Sales Disappoint, S&P 500 and Nasdaq Hover Near Record Levels
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#fed009b0 ver:0.6

US retail sales disappoint, rising only 0.1% in May, below the projected 0.3% gain. Concerns about consumer demand and economic growth arise. Gas station sales drop 2.2%, while specialty stores see a 2.8% increase. High interest rates and inflation weigh on consumers. The report suggests weakness in the US economy and potential for a recession. The Federal Reserve may consider a rate cut in September. #RetailSales #USeconomy #RecessionConcerns...

#newstr #UsRetailSales #ConsumerSpending #FederalReserve #Inflation #S&p500 #Nasdaq 

 https://here.news/story/fed009b0?ver=0.6