The panelists of “Claman County” Gary Kaltbaum and Jeff Sica talk about performance and consumer feelings on little.
OUR retail In February, he was recovering, suggesting that the economy continued to grow in the first quarter, although moderate pace because the imports of imports and mass release of workers of the Federal Government strives for the mood.
Last month, retail raised by 0.2% after a revised drop of 1.2% in January, offices said on Monday for a list of trade list. Economists surveyed by Reuters had a forecast of retail sales, and these are mostly goods not adapted to inflation, Advanced 0.6% after previously reporting a drop of 0.9% in January.
This fall followed on huge gains in the fourth quarter and winter storms in many parts of the country in January, as well as fires in California.
Inflation slightly slowed down to 2.8% in February ahead of the Federal Reserve Meeting
A woman watches cosmetic products at a local store in New York, December 10, 2023. (Reuters // Eduardo Munoz/Reuters)
But given that consumer feelings in March sank to almost 2-1/2-year-old low, the momentum was unlikely to be held.
President Donald Trump SLOB TARIFA, which liberated the trade war, launched concerns about inflation, as well as losses to work and income, development that could undermine consumer consumer consumption. Mass dismissal of public workers as part of an unprecedented campaign of Trump’s administration to reduce the federal government is also seen to harm consumption.
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The Bank of America card data showed early signs of discretioning softening, such as restaurants in February in the area of the Metropolitan area of the Washington DC, which includes parts of Maryland and Virginia. The prevalence of shares could restrain consumption, predominantly guided by high -income households, while growing food prices could squeeze households with low income.
Scott Bessent Treasury Secretary said that the economy could slow down earlier this month because it exceeds public spending towards more private consumption, calling it a “detox period.”
Scott Beesent, US Finance Minister, speaks during the event of the New York Economic Club (ECNY) in New York, March 6, 2025. (Victor J. Blue / Bloomberg via Getty Images / Getty Images)
Retail sale without cars, gasoline, construction materials and food services increased in February 1.0% after a revised drop of 1.0% in January. These so -called basic retail sales are most corresponding to the consumer consumer consumption component.
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Economists have predicted basic retail sales, rejecting 0.3% after a 0.8% drop was previously recorded in January. They expect consumer consumption Significantly slow down in the first quarter of October-to-to-quadruple, a strong 4.2% annual rate.
Retail sale without cars, gasoline, construction materials and food services increased in February 1.0% after a revised drop of 1.0% in January. (David Dee Delgado / Getty Images) / Getty Images)
Atlanta federal reserves are currently predicting a GDP -us 2.4% TPP contract. But the estimates of most economists converge about 1.2% growth rate in this quarter. The economy grew 2.3%in the fourth quarter.
