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Recent Articles

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UBS expects two 25-basis-point Fed rate cuts in 2024, starting in September, in-line with Fed funds futures markets pricing in 51 bps of cuts this year; April US retail sales weaker than expected, supporting view for soft landing

Container Store reports Q4 net sales down 20.7% year-over-year to US$206M, with e-commerce down 30.8%, store comps down 21.8%; company is initiating a formal review of strategic alternatives as it faces continued declines, potential NYSE delisting

Advance estimates of US retail and food services sales for April were US$705.2B, virtually unchanged from March and up 3.0% from April 2023; retail trade sales were virtually unchanged from March 2024 and up 2.7% year-over-year: Dept. of Commerce

Total retail sales up 0.26% in April, seasonally adjusted month-over-month, but down 0.6% unadjusted year-over-year; decline attributed to Easter falling in April last year but in March this year: CNBC, NRF

Euro area seasonally adjusted volume of retail trade in March increased by 0.8% month-over-month, up 0.7% year-over-year: Eurostat

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