📉 Told you the economy isn’t as strong as they say it is. January retail sales dropped 0.9%, way more than expected. Consumers are cutting back on non-essentials, and it shows: • Sporting goods, hobby, music, and bookstores: down 4.6% • Online sales: down 1.9% • Auto dealerships: down 2.8% • Furniture stores: down 1.7% • Clothing retailers: down 1.2% Meanwhile, essentials are holding strong: • Gas prices: up 0.9% • Food services: up 0.9% This shift proves people are focused on necessities like food and gas, while cutting out the extras. If the economy keeps weakening, the Fed may have no choice but to pivot—which could ease hiring freezes and help regular folks get back to working one job instead of three. What do you think? Is the economy finally showing cracks, or are we not there yet? Let me know below!
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