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Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading...

Consumers arent spending as much as expected. Retail sales for june fell a seasonally adjusted 0. 3 , well below expectations of a rise. Because it makes up a good chunk of Economic Activity if that piece of the economic puzzle is missing, some say it throws into question the potential rate hike by the federal reserve. And the batch of bad news comes just one day before fed chair janet yellen is set to appear before congress. Courtney reagan reports. According to the latest government data, consumers arent spending enough to prop up Economic Growth. June retail sales posted the weakest reading...

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New Mexico Secretary of State Maggie Toulouse Oliver, regarding the Republican-led Otero County Commission’s refusal to certify the June 7 primary election results due to distrust in the vote-counting machines. State law allows county canvass boards to call on a voting precinct board to address specific voting discrepancies, but the Otero commission has not identified any discrepancies. Toulouse Oliver has accused the commission of willful violations of the state election code. (Associated Press — June 15, 2022)

California state Assembly member Heath Flora, regarding Amazon’s testing of its drone delivery in Lockeford, Calif. The delivery service, called Prime Air, will begin in Lockeford later this year and will be able to deliver packages weighing up to five pounds. (The Hill — June 13, 2022)