Reported about 15 hours ago
December's retail sales data reveals that the US economy finished 2024 on a strong note, with a growth of 0.7% in the control group, surpassing economists' expectations. Overall retail sales rose 0.4%, while November's sales were revised up to 0.8%. The holiday shopping season was more robust than the previous year, bolstered by a resilient labor market, suggesting a healthy outlook for retail sales in 2025, despite concerns about potential interest rate cuts by the Federal Reserve.
Source: YAHOO