US retail sales unexpectedly stalled in December, suggesting consumers provided less firepower for the economy as the year drew to a close. The disappointing figures indicate the burst of activity at the start of the holiday-shopping season proved to be short-lived. Households remain frustrated over a high cost of living and worried about the job market. Elizabeth Renter, Senior Economist at NerdWallet, joined Bloomberg Businessweek Daily on Tuesday’s retail sales print from December and Wednesday’s nonfarm payrolls report for January. (Source: Bloomberg)
Analysis & Context
US retail sales unexpectedly stalled in December, suggesting consumers provided less firepower for the economy as the year drew to a close. The disappointing figures indicate the burst of activity at the start of the holiday-shopping season proved to be short-lived. Households remain frustrated over a high cost of living and worried about the job market. Elizabeth Renter, Senior Economist at NerdWallet, joined Bloomberg Businessweek Daily on Tuesday’s retail sales print from December and Wednesday’s nonfarm payrolls report for January. (Source: Bloomberg) This article provides comprehensive coverage and analysis of current events.
US retail sales unexpectedly stalled in December, suggesting consumers provided less firepower for the economy as the year drew to a close. The disappointing figures indicate the burst of activity at the start of the holiday-shopping season proved to be short-lived. Households remain frustrated over a high cost of living and worried about the job market. Elizabeth Renter, Senior Economist at NerdWallet, joined Bloomberg Businessweek Daily on Tuesday’s retail sales print from December and Wednesday’s nonfarm payrolls report for January. (Source: Bloomberg)
