Retail sales was virtually unchanged month-over-month in June. Despite this, the reading was still higher than the consensus forecast calling for a decrease of -0.3%. Additionally, May’s figure was revised upwards to a 0.3% monthly gain (previously 0.1%). Trade in the auto sector was down -2.0% m/m, as the increase at automotive parts and accessory […]
The U.S. economy expanded by 2.3% quarter-on-quarter (q/q, annualized) in the fourth quarter, a touch lower than the consensus forecast of 2.6%. Growth for 2024 as a whole was 2.8%, showing little slowing from 2023’s 2.9% pace. Consumer spending defied expectations for a slowdown, accelerating to 4.2% q/q from 3.7% in the previous quarter. The […]
The post U.S. Economic Growth Eased But Remained Healthy at the End of 2024 appeared first on Action Forex.
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