Chicago Nixes Property Tax Hike

Published on November 15, 2024

The plan aimed to raise $300 million in property taxes to help close a budget gap of nearly $1 billion.

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Retail Sales Up 0.4% in October, Better Than Expected

November 15, 2024
The Census Bureau's Advance Retail Sales Report for October revealed headline sales were up 0.4% last month. The latest reading was higher than the expected 0.3% monthly growth in consumer spending.

The Big Four Recession Indicators: Real Retail Sales Up 0.4% in October

November 15, 2024
Nominal retail sales in October were up 0.40% month-over-month (MoM) and up 2.85% year-over-year (YoY). However, after adjusting for inflation, real retail sales were up 0.15% MoM and up 0.27% YoY.