US, UK, and Australia Retail Sales Decline in April, Raising Concerns About Consumer Spending
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#fed009b0 ver:0.44

Concerns rise as US, UK, and Australia retail sales decline in April, signaling potential weakness in consumer spending. High household debt, rising prices, and interest rates may limit discretionary purchases. Softening demand and downward revisions in sales numbers suggest a weaker economy. A potential recession looms, with a 50% chance by April 2025. The weak retail sales support a possible September rate cut by the Federal Reserve. UK sales decline attributed to bad weather, fueling speculation of a summer rate cut by the Bank of England. Australia's slow retail sales growth indicates a sluggish consumer spending environment. #RetailSales #ConsumerSpending #EconomicOutlook...

#newstr #Us #Uk #Australia #RetailSales #ConsumerSpending #HouseholdDebt #RecessionWarning 

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