Latest / Markets with Megan: A Quick Financial Markets Update
Retail Sales Defy Expectations Amid High Interest Rates | Episode 155 | 07-16-24
In this episode, Megan discusses the unexpected consumer spending behavior despite the high credit card debt and soaring interest rates. June's retail sales data has painted a surprising picture, showing how consumers navigate these economic pressures. Contrary to the anticipated decline, retail sales remained flat, providing a beacon of stability amid financial challenges.
One of the standout revelations from June's data is the strength in specific retail sectors. Internet sales, building materials, health care, personal care, and clothing posted significant gains. These areas have shown…
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