In this video, we analyze the recently released U.S. retail sales report for August, which saw a modest 0.1% increase, barely noticeable on the charts. Economists had expected a 0.2% decline, but U.S. consumers still exceeded those predictions. Despite this, retail growth remains in a limbo—neither strong enough to boost confidence in the economy, nor weak enough to prompt aggressive interest rate cuts by the Fed. Vehicle sales saw a 4.4% monthly drop, which may suggest consumers are waiting for lower rates. On the other hand, discretionary spending at bars and restaurants rose by only 2.7%, which is concerning given historical averages. Overall, retail sales and consumer spending are entering a potentially dangerous zone, signaling economic uncertainty ahead.

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