Reported 28 days ago
US retail sales saw a notable decline of 0.9% in January, marking the largest drop in a year as cold weather forced many consumers indoors. This decrease followed a busy holiday season and reflects both the impact of harsh temperatures and waning consumer confidence. While auto and furniture sales fell significantly, some categories like general merchandise still saw gains. The situation adds complexity to the economic outlook, as the Federal Reserve navigates inflation and potential tariff impacts under President Trump's administration.
Source: YAHOO