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Aug. Retail Sales Insights
August Retail Sales Beat. Why It Won’t Be a ‘Game Changer’ for the Fed.
Spending rose at a faster clip than expected in August as American consumers once again proved their hardiness against softening economic conditions. Retail sales increased 0.1% in August from July, according to data released Tuesday by the Census Bureau.
Retail sales rise in August as consumers keep spending
Retail sales ticked up 0.1% in August as consumers pulled back on spending, the Commerce Department said on Tuesday. Why it matters: That consumers kept spending, albeit at a slower rate than earlier in the summer,
August Retail Sales Insights: Strong eCommerce growth, but department stores suffer
In August, retail sales edged up by 0.1% from July, according to U.S. Census Bureau data released on Tuesday, defying expectations for a 0.3% M/M dip. This modest increase follows a revised 1.1% rise in July (up from an initially reported 1.
Sales, August and Mortgage Rates
Fed's long-awaited rate cut raises hopes for home, auto sales
The half-point reduction is expected to kick off a series of reductions extending into 2025, providing relief for prospective car and home buyers.
Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month. But much more housing demand will likely be unleashed onto the market after the Federal Reserve finally cut interest rates this week for the first time in four years — and signaled more rate cuts by year’s end.
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut
Sales at retailers rose slightly in August in a sign of resilience among U.S. households, suggesting the U.S. economy is still on solid footing as the Federal Reserve plots to cut interest rates.
3d
on MSN
Will Tuesday's Retail Sales Data Affect the Fed's Decision?
Key Takeaways Retail sales increased by 0.1% in August, bucking economist projections of a decline but slowing down from July ...
Baton Rouge Business Report
13h
See how the Fed rate cut is already impacting the area’s housing market
Pending sales and new listings of homes in the Baton Rouge area continued to decline in August. Still, there could be a light ...
16h
Fed blackout period lifts with Waller due on CNBC at 11:30
The U.S Federal Reserve's blackout period on public comment around meetings of the central bank lifts on Friday after a key ...
1d
on MSN
What does the Fed interest rate cut mean for mortgages and homebuyers?
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...
1d
Something big is happening in the housing market: What Fed rate cuts will actually do
On Wednesday, Fed Chair Jerome Powell announced that the central bank would begin cutting Fed interest rates, starting with a ...
3d
European Stocks Advance as US Retail Sales Increase Ahead of Fed
European stocks advanced along with US stocks after the region’s retail sales data pointed to resilient consumer demand, ...
1d
on MSN
Instant view: Bank of England leaves rates at 5%
The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by ...
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