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Despite Slumping Sentiment, US Retail Sales See Strongest Annual Rise Since Jan 2023
...and it's not because of gas prices.
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apnews.com
Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer
Shoppers stepped up their spending in May, surpassing economists’ expectations, as temperatures warmed and gasoline prices cooled.
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cryptobriefing.com
Bank of America expects strong retail sales based on card data
Bank of America's real-time card data forecasts May retail sales growth of 0.8%, nearly double the Bloomberg consensus estimate of 0.4%.
