BREAKING 🚨
US consumer spending shows signs of slowing, with the Chicago Fed projecting a 0.3% monthly decline in May.
Retail and food services sales, excluding autos, are estimated to have fallen, marking the largest decline since January 2025. This decrease follows increases in April and March. After adjusting for inflation, sales are expected to drop 1.3%, the largest monthly drop since at least 2023, indicating consumers are struggling to keep up with inflation 📉.
Stay tuned for updates ⚡.
$RIF, $AT, $RIF