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Inflation Rising Alongside Weak Job Market, Fed Faces Dilemma on Rate Cut
Summary: According to Jinshi News, the US Department of Commerce released data on Tuesday showing a 0.6% increase in retail sales in August compared to July. Among them, clothing and accessories sales increased by 1%, while sports equipment, bookstore, and musical instrument retailers saw a 0.8% increase in sales. In August, US inflation levels rose to ...
According to Jinshi News, the US Department of Commerce released data on Tuesday showing a 0.6% increase in retail sales in August compared to July. Among them, clothing and accessories sales increased by 1%, while sports equipment, bookstore, and musical instrument retailers saw a 0.8% increase in sales. In August, US inflation levels rose to the highest point since the beginning of the year, with prices of essential goods such as food and housing increasing. At the same time, signs of weakness persist in the labor market, presenting a dilemma for Fed officials this week as they consider a rate cut.
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Link: Inflation Rising Alongside Weak Job Market, Fed Faces Dilemma on Rate Cut [Copy]
