Retail sales fell unexpectedly in July
Summary
Retail sales unexpectedly fell in July as consumers pulled back following depleted tax refunds, potentially easing pressure on the Fed to raise interest rates. Meanwhile, new Medicaid work requirements under recent tax law are causing coverage losses, with Nebraska terminating benefits early. Critics warn that strict compliance rules and federal demands for medical frailty proof will leave millions uninsured, prompting lawsuits from Democratic-led states.
Topics discussed
Retail sales drop and Fed rate hike implications
Sponsor message from Raymond James
New Medicaid work requirements and coverage loss
Nebraska's early implementation and data systems
Legal challenges over medical frailty definitions
Marketplace listener survey and gift card giveaway
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