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Despite Record Low Sentiment, US Retail Sales See Strongest Annual Gain In 8 Months
Despite Record Low Sentiment, US Retail Sales See Strongest Annual Gain In 8 Months
After a big jump in March, retail sales likely cooled in April, according to BofA's almost omniscient forecast as they see spending on gasoline providing a smaller boost and auto sales moderating, after an early Easter pulled forward some seasonal demand into March. The “holiday shift” dynamic also may have contributed to softer activity after Easter.
However, the actual print was +0.5% MoM (as consensus expected - and hotter than BofA's forecast), lifting sales by 4.9% YoY...
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Which US States Are Seeing Incomes Rise The Fastest (And Slowest)
Which US States Are Seeing Incomes Rise The Fastest (And Slowest)
Since 2019, U.S. household incomes have surged - rising from $68,700 to $83,730 nationally, a 21.9% increase in just five years.
But where you live matters a lot.
While some states tracked close to the national average, others saw incomes climb at nearly double the pace, driven by booming local industries and major investment.
States like Colorado posted outsized gains, while Georgia’s expanding EV industry brought billions in investment and rising paychecks.
The map, via Visual Capitalist's Dorothy Neufeld, shows which states saw...
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