‘The Claman Countdown’ panelists Gary Cultbam and Jeff Sika discussed retail stock performance and consumer spirit.
We Retail sale Rebounds were rebound in February, suggesting that the economy continued to grow in the first quarter, although weighing at a moderate speed as a tariff on imports and collective firing of federal government employees.
The Census Bureau of the Department of Commerce said on Monday that retail sales increased by 0.2% last month after a decline of 1.2% in January. Economists voted by Reuters had estimated retail sales, mostly goods and are Not adjusted for inflation, Moving 0.6% further after a decline of 0.9% in January.
That decline took huge advantage of the fourth quarters and winter storms in many parts of the country in January with a wildfire in California.
Inflation slowed down by 2.8% in February before the Federal Reserve Meeting
A woman sees beauty products on 10 December 2023 at a local store in New York City. (Reuters // Eduardo Munose/Reuters)
But in March, with consumer spirit at a low 2–1/2-year low, speed is unlikely to be constant.
chairman Donald Trump’s Tariff’s fleet, which has highlighted a business war, has ignited concerns about the loss of job and income along with inflation that can reduce consumer expenses. The Trump administration is also seen to damage the large scale of public workers as part of an unprecedented campaign to shrink to the federal government.
Treasury Secretary Besant: ‘I am not worried about inflation with tariff’
Bank of America card data showed early signs of softening discretionary expenses at the restaurant in February in the Washington DC Metropolitan sector, including parts of Maryland and Virginia. A stock market can curb celloff expenses, mainly operated by high -income houses, while increasing food prices can squeeze low -income houses.
Treasury Secretary Scott Besant said that early this month the economy could slow down as it transfers towards private expenses more than public expenses, calling it a “detox period”.
Scott Besant, US Treasury Secretary, speaks on 6 March, 2025 during an ECNY (ECNY) program in New York in New York. (Victor J. Blue / Bloomberg Getty Image / Getty Image)
Retail sales increased by 1.0% in February, except for automobiles, gasoline, manufacturing materials and food services after a decline of 1.0% revised in January. These so -called core retail sales matches the most closely closely with consumer spending components of GDP.
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Economists estimated 0.3% core retail sale in January after a decline of 0.8%. they expect consumer spending To slow down in the first quarter at a strong 4.2% annual rate of October-December quarter.
Retail sales increased by 1.0% in February, except for automobiles, gasoline, manufacturing materials and food services after a decline of 1.0% revised in January. (David de delgado / Getty images) / Getty images)
The Atlanta Federal Reserve is currently estimating the GDP contract at a speed of 2.4%. But most economists are estimated around the 1.2% growth rate in this quarter. The economy increased at a speed of 2.3% in the fourth quarter.
