IFDA Monthly Economic Update

Produced with Sage Policy Group, Inc., IFDA’s monthly newsletter is exclusively made for foodservice distribution leaders to help guide strategic business planning. It provides bite-sized data and analysis of macroeconomic trends and outlook, as well as tracking of the most industry-relevant economic indicators. The monthly format delivers information in a timely manner as new government and private-source data is released, offering unique real-time insight and more accurate short-term predictions. 

Key takeaways from the February 2024 issue:

Prices rose at a significantly faster rate than expected in the first month of the year, which may influence the Fed’s decisions on whether to cut rates in the near term. ​Retail sales slowed in January, falling almost a full percentage point from December. ​ This decline may be partially attributed to bad weather, however, consumers continue to dine out despite higher food prices. While consumer household finances remain mostly sound, credit card debt reached a record high of $1.13 trillion in the fourth quarter of 2023, with nearly 10% of that debt being seriously delinquent. 

  • Retail sales were weaker than expected to start the year, but spending on foodservices continued to rise.
  • Inflation accelerated in January.
  • Interest rate cuts now appear unlikely during the first half of 2024.

Price: Free to all IFDA members as an exclusive member benefit.

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