The Ledger.

Latest edition 13 September 2026

Release to refresh

Economics

1 story

A grocery trolley pauses at a small folded receipt placed against its front wheel.

From the archive · Economics

The American consumer just blinked

Retail sales fell 0.6% in July despite a World Cup boost, consumer sentiment dropped hard, and real wages have been falling for six months. The economy's engine hasn't stalled — but it is knocking.

The Ledger1 min read
Idle
0:00 0:00