Good News On Inflation But A Recession May Be Hard To Avoid

Published Friday, April 14, 2023 at: 7:04 PM EDT

Retail spending by American consumers slowed in March for a second consecutive month, adding to recent signals that the economy is slowing as the Federal Reserve’s tightening monetary policy appears to be having its desired effects. The Census Bureau’s advance estimates of U.S. retail and food services sales for March 2023, adjusted for seasonal variation but not for inflation, declined by -1% from the previous month.  Retail sales gained 2.9% since March 2022, before accounting for inflation. With real retail spending dropping about -2% in the past year, the main engine of U.S. economic growth is shrinking, and that makes a...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.










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