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Retail Spending Falls For Second Month in a Row
The decrease in retail spending was driven by a steep decline in car sales, just two months after consumers rushed to make car purchases before President Donald Trump’s tariffs were scheduled to go into effect.
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cnn.com
Americans cut back sharply on their spending last month amid tariffs | CNN Business
Americans are feeling a hangover from their tariff-fueled buying frenzy early in the spring.
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cnbc.com
Retail sales fell 0.9% in May, worse than expected as consumers pulled back
Consumers spending pulled back sharply, weighed by declining gas sales and looming unease over where the economy is headed.
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forbes.com
Retail Spending Falls For Second Month in a Row
The decrease in retail spending was driven by a steep decline in car sales, just two months after consumers rushed to make car purchases before President Donald Trump’s tariffs…