Monthly Economic Review: September 2022
Measurements, measurements on the wall, which is the fairest of them all?
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Economy
Inflation softened in July — but remains a problem moving forward
While there are some positive markers surrounding inflation, we are nowhere out of the woods.
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July Retail Sales Show Consumers Still Shopping Despite Inflation
Core retail sales rose in July even as overall sales remained flat on a monthly basis, and both rose year over year.
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Store opening announcements keep pace with 2021
The return to stores continues, with closings down 60 percent.
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NRF Says Economy is Strong Enough to ‘Keep a Recession at Bay’ Despite Two Quarters of Decline
Despite two quarters of decline, the economy doesn't appear to be in a recession and is unlikely to enter one this year.
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