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Bloomberg Intelligence
Retail Sales, Fed Expectations, and TikTok on Trial
Sep 17, 2024
Jill Blanchard, President of Enterprise Client Solutions at Advantage Solutions, discusses surprising retail sales trends and early holiday spending shifts. Danielle DiMartino Booth, CEO of QI Research, analyzes Fed rate expectations amidst economic challenges. Matthew Schettenhelm, a Bloomberg Intelligence Media Litigation Analyst, explores TikTok's legal battles and their potential impact on the app's future in the U.S. They also touch on how these developments could reshape consumer behavior and the broader digital landscape.
38:44
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Quick takeaways
- Retail sales unexpectedly rose by 0.1% in August, driven by early promotions that influenced consumer shopping behavior.
- Brand loyalty is declining as consumers increasingly seek better deals, showcasing a shift towards frugal spending habits and promotional incentives.
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