Retail Sales August 2024: Consumer Demand Slowed But No Need For Panic
Summary
- Real Retail Sales contracted by -0.14% in August 2024, slightly better than the expected -0.39%, indicating a modest upside surprise.
- The 3-month annualized growth rate of +2.54% is near average, suggesting a soft-landing scenario for the U.S. economy, though deceleration in growth needs monitoring.
- No justification for the US Fed to display “panic” by cutting rates by 50 basis points.
- Successful Portfolio Strategy members get exclusive access to our real-world portfolio. See all our investments here »
Alistair Berg
The Advance Report on Monthly Sales for Retail & Food Services was published on September 17, 2024, at 8:30 AM. The report contains information about changes in the prices (inflation/deflation) of a wide array of goods and services purchased by consumers in the U.S. during the
If you are really serious about improving your investment performance -- during this historic moment that is providing once-in-a-decade opportunities -- I highly recommend that you subscribe to Successful Portfolio Strategy . This service is designed to empower you to become a successful strategic manager of your investments. It has rarely been as important as it is now to have a winning portfolio strategy approach. Now is the time to be proactive and take decisive action.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
All positions are disclosed in the Successful Portfolio Strategy service.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.