The US hide market was quiet on Wednesday September 18, with sources reporting limited activity and stable prices.

Shoe sales improve month on month, down year on year
Despite the cumulative effect of three years of excess inflation, US consumers still showed a willingness to spend more on shoes this summer. This uptick in retail spending in July offered a modest boost to the economy as the Fed slashed interest rates on Wednesday, announcing the first rate cut since March 2020.

July’s Federal Reserve Economic Data (FRED) release pegged shoe sales at $3.44 billion, up by 16% from June but down by 0.8% year on year.

…