US retail sales continue their upward trend, rising 0.6% in August, marking the third consecutive month of growth. This unexpected increase showcases consumer resilience despite inflation concerns.
In June, U.S. producer prices remained unchanged, despite rising costs in certain sectors due to tariffs. This stability could pave the way for potential interest rate cuts by the Federal Reserve later this year.
The Federal Reserve keeps the federal funds rate steady while navigating a complex economic landscape. With solid growth and elevated inflation, how will this impact your finances?
