Retail Earnings & Consumer Spending: A Closer Look

The U.S. economy is chugging along, with the growth pace moderately decelerating under the weight of the Fed’s tight monetary policy.Many in the market had hoped that at the start of the year, the central bank would have started easing by now. But then inflation readings started misbehaving in the first few months of the year, changing this Fed outlook as a result. The expectation is still for one to two rate cuts this year, but there isn’t a lot of conviction in this outlook.The timing of the first Fed rat ...