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Evercore: Q2 GDP, PCE data came in stronger than expected, but 'not enough to seriously challenge' expected September Fed rate cut; robust figures driven by surge of immigrant workers, strong domestic labor force participation, healthy productivity levels
Published: July 26, 2024 by Investing.com
Jefferies: Nestle's pricing shortfall might cause concerns about 2025 margins, raises questions about brand strength of broader sector; Nestle lowers sales outlook, citing need to slow down price hikes sooner than expected due to cost-conscious consumers
Published: July 26, 2024 by Naija 247 News (Nigeria)
Truist: Recent weakness in fast food chains mainly due to price hikes backfiring; higher prices have narrowed their value advantage, pushing consumers to either trade up to fast-casual options or down to grocery stores where price hikes have been smaller
Published: July 26, 2024 by Invezz
Statistics Canada finds retail sales dropped 0.8% in May, driven by decreases at grocers and alcoholic beverage retailers; economist at Capital Economics says higher interest rates are weighing on consumers' finances and appetite for big-ticket purchases
Published: July 26, 2024 by The Canadian Press
US disposable personal income increased 0.2% in June, personal consumption expenditures up 0.3%; increase in personal income primarily reflected increases in compensation and personal current transfer receipts: BEA
Published: July 26, 2024 by Bureau of Economic Analysis

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