US Retail Sales Rise 0.1% in May, Falling Short of Expectations Amid High Inflation and Rates
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#fed009b0 ver:0.59

US retail sales rose just 0.1% in May, falling short of expectations amid high inflation and rates. Gas station sales dropped 2.2%, while specialty stores saw a 2.8% increase. The slower growth is attributed to high interest rates and inflation, raising concerns about the US economy and the potential for a recession. The less-than-expected increase may lead to a rate cut by the Federal Reserve in September. Overall, the report suggests a potential weakness in the US economy and raises questions about stability and the likelihood of a recession. #RetailSales #Inflation #InterestRates #USconomy...

#newstr #UsRetailSales #ConsumerSpending #Inflation #FederalReserve #InterestRates #UsIndustrialProduction #ManufacturingOrders 

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