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US retail sales rise 0.9% in May as consumers shrug off $4.48 gas prices
US retail sales rose 0.9% in May to $763.7 billion as gasoline prices jumped 9.2%. Here's what strong consumer spending means for crypto and risk assets.
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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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zerohedge.com
Despite Slumping Sentiment, US Retail Sales See Strongest Annual Rise Since Jan 2023
...and it's not because of gas prices.
