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27 August 2024

Ankura Monthly Economic Indicators Overview [August 2024]

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Ankura Consulting Group LLC

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Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers end-to-end solutions to help clients at critical inflection points related to conflict, crisis, performance, risk, strategy, and transformation. Ankura consists of more than 1,800 professionals and has served 3,000+ clients across 55 countries. Collaborative lateral thinking, hard-earned experience, and multidisciplinary capabilities drive results and Ankura is unrivalled in its ability to assist clients to Protect, Create, and Recover Value. For more information, please visit, ankura.com.
July retail sales showed a modest increase, but several hard goods segments continue to lag. Inflation has eased, with CPI at 2.9% and perhaps paving the way for the Fed to cut interest rates.
United States Strategy

July retail sales showed a modest increase, but several hard goods segments continue to lag. Inflation has eased, with CPI at 2.9% and perhaps paving the way for the Fed to cut interest rates. Wages have outpaced inflation, boosting consumer spending. Unemployment remains low but housing affordability remains a challenge, despite declining mortgage rates. Consumer sentiment is mixed, with higher prices dampening optimism. Household debt continues to rise, and credit card delinquencies are up.

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