Retail Sales, Consumer Spending: A Mixed Picture

Economists eagerly await retail sales data, anticipating a modest increase, while consumer spending concerns grow due to slowing hiring and rising costs for essentials. Strong sales at Walmart and Gap contrast with Home Depots warning of postponed big-ticket purchases. Upcoming reports include producer price index, durable goods orders, jobless claims, and the Beige Book, all before Thanksgiving and Black Friday. Traders see a low chance of a rate cut in December, with a sluggish economy expected, particularly in manufacturing due to trade disputes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.