Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading in four months. And thats not all the bad news. May retail sales were revised lower than previously reported. With Consumer Spending fuelling 70 of the countrys Economic Growth Monthly Retail sales are a key data point for those trying to forecast the federal reserves decisions on Interest Rates. And fed chair janet yellen addresses congress in the twoday testimony beginning tomorrow. Just look a
Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading in four months. And thats not all the bad news. May retail sales were revised lower than previously reported. With Consumer Spending fuelling 70 of the countrys Economic Growth Monthly Retail sales are a key data point for those trying to forecast the federal reserves decisions on Interest Rates. And fed chair janet yellen addresses congress in the twoday testimony beginning tomorrow. Just look a
School district grilled at Congress clashed with parent over Gaza lesson jpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jpost.com Daily Mail and Mail on Sunday newspapers.
Looking to get your beloved or crush’s attention? Here are some ideas and graphics to send or repurpose, courtesy of some notable Baltimore institutions and individuals.
New Mexico Secretary of State Maggie Toulouse Oliver, regarding the Republican-led Otero County Commission’s refusal to certify the June 7 primary election results due to distrust in the vote-counting machines. State law allows county canvass boards to call on a voting precinct board to address specific voting discrepancies, but the Otero commission has not identified any discrepancies. Toulouse Oliver has accused the commission of willful violations of the state election code. (Associated Press June 15, 2022)