{"id":110643,"date":"2025-01-16T19:17:00","date_gmt":"2025-01-16T15:17:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=110643"},"modified":"2025-01-16T22:20:06","modified_gmt":"2025-01-16T18:20:06","slug":"u-s-retail-sales-end-2024-on-a-high-note-labour-market-still-robust","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-retail-sales-end-2024-on-a-high-note-labour-market-still-robust\/01\/16\/market-updates\/","title":{"rendered":"U.S. Retail Sales End 2024 on a High Note, Labour Market Still Robust"},"content":{"rendered":"\n<p>U.S. retail sales demonstrated continued strength in December, driven by robust consumer demand for motor vehicles and a broad range of other goods. This positive data, coupled with a strong labor market, reinforces the Federal Reserve&#8217;s cautious approach to interest rate cuts.<br><br>The Commerce Department reported a 0.4% increase in retail sales last month, exceeding economist expectations. This follows a robust November, further solidifying the economy&#8217;s momentum. The labor market remains resilient, with a surge in nonfarm payrolls in December and the unemployment rate falling to 4.1%.<br><br>While underlying inflation moderated, overall consumer prices increased at the fastest pace in nine months, driven by strong wage growth. This robust consumer spending, fueled by a healthy labor market, suggests the economy does not require immediate monetary stimulus.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. retail sales demonstrated continued strength in December, driven by robust consumer demand for motor vehicles and a broad range of other goods. This positive data, coupled with a strong labor market, reinforces the Federal Reserve&#8217;s cautious approach to interest rate cuts.The Commerce Department reported a 0.4% increase in retail sales last month, exceeding economist &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[7822,9822],"class_list":["post-110643","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-labour-market","tag-retail-sales-data"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=110643"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110643\/revisions"}],"predecessor-version":[{"id":110648,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110643\/revisions\/110648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52065"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=110643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=110643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=110643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}