Federal Reserve cuts interest rates for first time this year, sees 2 more cuts in 2025

[progree]

20. The power of inflation: you know how retail sales increased a hefty 0.6% in August, per the media?

and per the Commerce Department, headed by Commerce Secretary Howard "not a lunatic" Lutnick
https://finance.yahoo.com/news/retail-sales-show-us-consumer-spending-holds-up-but-almost-everyone-is-looking-for-deals-171632523.html

https://www.census.gov/retail/sales.html

But when inflation adjusted by the 0.4% rise in the CPI in August

then inflation-adjusted, aka real retail sales rose by a quite modest 0.2%.

Not the "hefty" and "robust" and "strong" and such characterizations of the media (I've seen all three of these)

It's not May anymore.