i am guessing the new "need 560 min characters to post " is working super well — even though the warning message for new posts still says min is 250 😀
here is some filler :
US retail sales beat expectations in August; weakening labor market dims outlook
Retail sales rose 0.6% last month after an upwardly revised 0.6% advance in July, the Commerce Department's Census Bureau said on Tuesday.
Not sure where these sales are talking place , because the place i work at is missing daily plan 5 of 7 days a week
"Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, rising 0.2% following a previously reported 0.5% gain in June.
Some of the rise in retail sales last month was probably due to tariff-driven price increases rather than volumes.
The government reported last week that consumer prices increased by the most in seven months in August, with strong rises in the costs of food and apparel among other products. The struggling labor market, characterized by meager job gains and rising unemployment as companies hold off hiring because of an uncertain economic outlook, poses a risk to consumer spending.
The Federal Reserve is expected to deliver a quarter-percentage-point interest rate cut on Wednesday to support the labor market. The U.S. central bank paused its easing cycle in January because of uncertainty over the inflationary impact of import duties."
trade well everyone , FOMC is less than 29 hours away !!
weirdly no posts for 3 hours :
byu/TACO_Orange_3098 inStockMarket
Posted by TACO_Orange_3098
2 Comments
Retail sales beating while the labor market softens just screams “late cycle” to me. Feels like consumers are propping up numbers with higher prices, not real demand. FOMC cut might give a short-term pop, but the underlying cracks are showing.
I would suspect that having suspended approx. 92% of cargo coming into the US will have an effect on that. Which is just crazy.