Produced with Sage Policy Group, Inc., this monthly report is exclusively created 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 April 2024 issue:
The U.S. economy keeps showing strong growth with significant job gains, low unemployment rate, labor force growth, and wage growth that is largely pacing overall inflation. Retail sales – particularly in restaurants – have also been growing, but consumer confidence remains weak. Contributing to that sentiment are persistently high inflation rates, which are partially driven by that strong wage growth and consumer spending.
- Inflation accelerated during the first quarter of the year.
- Retail sales came in stronger than expected in February and March.
- Interest rate cuts appear unlikely until the end of 2024.
Price: Free to all IFDA members as an exclusive member benefit.
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