Retail Sales Surge Challenges Forecasts, Martha Muir Joins Simply Economics

Unexpected surge in retail sales challenges economic forecasts. Esteemed Financial Times reporter Martha Muir joins Simply Economics as our new economics correspondent. Plus, an economic boom is felt throughout Santa Cruz County. Banks cut 5,000 jobs amid uncertain economic climate.

Sources:
https://www.theglobaltreasurer.com/2024/04/17/unexpected-surge-in-retail-sales-indicate-challenges-economic-forecasts/
https://talkingbiznews.com/media-news/muir-moves-to-economics-beat-at-ft/
https://www.kold.com/2024/04/17/an-economic-boom-is-being-felt-throughout-santa-cruz-county/
https://www.pymnts.com/personnel/2024/banks-cut-5000-jobs-in-q1-amid-uncertain-economic-climate/

Outline:
(00:00:00) Introduction
(00:00:38) Unexpected Surge in Retail Sales Challenges Economic Forecasts
(00:03:28) Muir moves to economics beat at FT
(00:05:25) An economic boom is being felt throughout Santa Cruz County
(00:07:44) Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate