US retail sales rise 0.1% in May from April as inflation and high interest rates curb spending
US retail sales rise 0.1% in May from April as inflation and high interest rates curb spending.
Retail sales in U.S. shackled by inflation and high interest rates
Sales at U.S. retailers barely rose in May, suggesting Americans are feeling the weight of lingering inflation and high interest rates.
US Retail Sales Struggle Amid High Inflation and Interest Rates
US retail sales showed minimal growth due to ongoing high inflation and interest rates. The rise was below expectations, with significant declines in specific sectors. Consumer sentiment also dropped for the third consecutive month.
May retail sales slow to 0.1% increase, below expectations
May's retail spending figures came under Wall Street predictions, with gas prices and restaurant dining softening around the country, according to the latest statistics released by the Commerce Department on Tuesday.
U.S. Retail Sales Inch Up 0.1% In May, Slightly Less Than Expected
Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on
Retail Sales Miss Again. That Boosts the Case for a Rate Cut.
Retail sales rose by 0.1% in May from the previous month, according to data released Tuesday by the Census Bureau. The figure was below economists’ estimates calling for a 0.3% uptick, according to FactSet.
Retail Sales Fall Short of Expectations in May
Retail sales were slower than expected in May and April's revised numbers showed a decline in consumer spending.
Retail sales stay weak in May as consumers remain cautious
Retail sales edged up only slightly in May, and revised data showed shoppers pulled back more than initially thought in April, the Commerce Department said on Tuesday. Why it matters: Consumers have been more cautious about spending in recent months — a warning sign for the economy and a notable shift from last year when consumer spending boomed.
Forbes1d
Interest Rates & Inflation: Prices Rising At Bank Target Of 2% But Little Hope Of Rate Cut
The US Federal Reserve has held interest rates in a target range between 5.25% and 5.5%, a 23-year high, as the world’s largest economy continues to fight stubbornly elevated inflation, Andrew ...
US Fed keeps interest rates steady after positive inflation news
The US Federal Reserve kept interest rates steady as expected Wednesday, and suggested it could cut rates just once before ...
CNET8d
Federal Reserve Meeting Live Blog: What's Next for Inflation and Interest Rates?
All eyes are on the Federal Reserve today as it wraps up its fourth Federal Open Market Committee meeting of 2024.
US jobless claims fall to 238,000 from 10-month high, remain low by historical standards
The number of Americans applying for unemployment benefits slipped last week. The Labor Department reported Thursday that ...
Amid lowered inflation Switzerland cuts interest rates again, Britain holds steady
The Swiss National Bank Thursday cut interest rates by 0.25 points to 1.25%. It's Switzerland's second rate cut as May Swiss ...
UK interest rates left on hold despite inflation falling to target – business live
Rolling coverage of the latest economic and financial news, including the UK interest rate decision at noon today ...
US Fed leaves interest rates unchanged at 23-year high, promises one rate cut despite inflation
Investors in contracts tied to the Fed’s benchmark interest rate largely kept bets intact that the central bank would approve ...
UK interest rates remain at 16-year high ahead of election
The Bank of England has left rates at 5.25% for the seventh consecutive time, as the UK election draws closer.