4452 Outlook

Economic Outlook: August 16, 2019

Aug 16, 2019  | Ep4452

The signal by the bond market that a recession might happen has yet to reach consumers. --

According to the Bureau of Labor, the consumer price index and Core CPI rose 0.3 percent in July as gasoline and electricity prices moved higher.

New jobs and higher pay helped consumers make those purchases as retail sales grew a strong 0.7 percent.

Without the drag of declining automobile sales, the index climbed 0.9 percent.

However, Creighton’s 10-state Rural Mainstreet Index sank below growth neutral indicating a shrinking rural economy. Most of the bankers surveyed say trade tensions were having a negative effect on their local economies.

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