Stable interest rates highlight challenges in US economic recovery
03 Jul '24
73 min read
Stable interest rates highlight challenges in US economic recovery
Insights
In May, US inflation dropped to ***.** per cent, but the Fed maintained interest rates at ***.-***.** per cent. Despite predictions that CPI will fall to ***.* per cent by October 2024, it remains above the Fed's *** per cent target, impacting consumer confidence and spending.
Retail sales have seen minor growth due, but long-term recovery remains uncertain.
In May, US inflation dropped to *.* per cent, but the Fed maintained interest rates at *.**-*.** per cent. Despite predictions that CPI will fall to *.* per cent by October ****, it remains above the Fed's * per cent target, impacting consumer confidence and spending.
Retail sales have seen minor growth due, but long-term recovery remains uncertain.
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