This is a U.S. news story, published by Yahoo Finance, that relates primarily to Fed news.
For more U.S. news, you can click here:
more U.S. newsFor more consumer & retail news, you can click here:
more consumer & retail newsFor more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like consumer & retail news, you might also like this article about
upcoming earnings season. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest supply chain crisis news, peak inflation readings news, consumer & retail news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
recessionYahoo Finance
•76% Informative
The biggest driver of economic activity in the U.S. remains the consumer, responsible for over two-thirds of final sales.
After carrying the economy through the pandemic, the supply chain crisis, and the Fed 's rate-hiking cycle, the consumer is finally showing signs of exhaustion.
Retail sales in May were tepid for the second straight month .
Industrial production showed recovery strength in May , much better than the 0.3% consensus forecast.
As of June 2024 , the NAHB 's Housing Market Index was at 43 . While that is as low for 2024 , this series actually hit bottom in the low 30s late in 2022 .
Like builders, consumers, investors and pretty much everyone are hanging on the timing of the Fed 's first rate cut in the cycle.
VR Score
88
Informative language
95
Neutral language
33
Article tone
formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links