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According to the U.S. Commerce Department, sales rose 0.3% rise from April to May, driven by stronger retail sales at auto and parts dealers.

Retail sales rose 0.3% in May, beating analyst expectations

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Despite the challenges posed by persistent inflation and rising borrowing costs, Americans increased their spending at retailers in the month of May. According to the...
Federal Reserve inflation

Is the Federal Reserve winning in the battle against inflation?

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This year, two indicators of U.S. inflation are likely to diverge, with one indicating that the Federal Reserve's job is almost complete and the...
Kelleher economic challenges

Why this dealer expects the industry to adjust to economic challenges...

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As the year progresses, auto dealers will need to monitor and adjust their business practices to fit the modern landscape. On this episode of...
Retail sales

U.S. retail sales see largest growth in two years despite inflation...

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U.S. retail sales rose 3% in January, according to the U.S. Commerce Department, the biggest monthly increase since March of 2021. Analysts had originally expected...
inflation

US inflation accelerated again in September, rising 8.2%

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The month of September saw inflation accelerate rather than the decline economists hoped to see. Housing costs and the price of other goods increased...
CarMax

CarMax Q2 earnings fall short, says inflation is shrinking car demand

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CarMax saw its stock plummet after an announcement that it missed second-quarter earnings expectations. Shares dropped nearly 25%, marking a new 52-week low. CarMax...
Forbes

Steve Forbes: Biden Administration ignoring ‘real cure’ for inflation

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According to Steve Forbes, chair of Forbes Media, the US is too focused on raising interest rates in an effort to curb inflation and...
used car prices

Used car prices could indicate what’s next for inflation

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According to Wall Street experts, the decline in used car prices could signify that inflation is easing. That’s good news, especially after another interest...
inflation interest rates Fed

The Fed will likely get more aggressive in tackling inflation this...

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A number of recently released reports show a combination of positive and negative outlooks for the economy and labor market, just ahead of another...
Ray Dalio

Billionaire investor Ray Dalio predicts recession, high interest rates

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Ray Dalio, a prominent investor, and Bridgewater Associates founder, shared his opinion about inflation, falling stock prices, and future interest rate increases on social...