Retail Sales Surge: A False Dawn?

Retail sales unexpectedly surged in August, but are rising prices masking a slowdown? New data reveals a surprising 0.6% jump, exceeding economists' predictions, yet inflation and tariffs may be fueling the increase. With a weakening job market and rising consumer prices, particularly impacting lower-income and younger shoppers, experts warn spending may soon decline, prompting the Federal Reserve to consider interest rate cuts to stimulate the economy. Hosted on Acast. See acast.com/privacy for more information.