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Sales of previously occupied homes have slowed for five straight months as higher loan rates and high sales prices have kept many would-be buyers on the sidelines.īut the most important pillar of the economy - the job market - has proved durable. The impact of the Fed’s hikes has been felt especially in the housing market. 19.99 at Bestbuy 25.71 at Walmart GameSpot may get a commission from retail offers.
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Growth has been weakening largely as a consequence of the Federal Reserve’s aggressive interest rate hikes, which are intended to cool the economy and tame high inflation. Farming Simulator 17 is a game made by Giants Software and Focus Home Interactive. economy shrank in the first half of 2022, raising fears of a potential recession. Though gasoline prices have fallen from their heights, food, rent, used cars and other necessities have become far more expensive, beyond whatever wage increases most workers have notched.ĭespite a still-robust job market, the U.S. TomoNews US Anonymous May 17th, 2009 at 11:36 am In the future when you guys want to post content like this.
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Inflation continues to pose a severe hardship for many families. In recent months, Americans have been shifting their purchases away from physical goods and more toward travel, hotel stays and plane trips. Free shipping Free shipping Free shipping.
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The government’s monthly report on retail sales covers about a third of all consumer purchases and doesn’t include spending on most services, ranging from plane fares and apartment rents to movie tickets and doctor visits. Farming Simulator 17 Walmart Exclusive W/ Bonus Downloadable Content PC. /rebates/2fip2fFarming-Simulator-17-PC2f53737280&. Still, overall spending has weakened, and it has shifted increasingly toward things like groceries, and away less necessary things like electronics, furniture and new clothes. economic activity, have remained mostly resilient even with year-over-year inflation near a four-decade high, rising economic uncertainties and the surging costs of mortgages and borrowing money. At the same time, consumers remained wary of spending much on non-essentials: Sales were down 0.5% at department stores and 0.6% at clothing stores.Ĭompared with 12 months ago, overall retail sales rose 10.3% in July.Īmerica’s consumers, whose spending accounts for nearly 70% of U.S.