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Americans are still spending their tax refunds — for now, as retail sales jump in May | Fortune
Retail sales jumped 0.9%, stronger than forecast — but the cash that fueled it came from one-time tax refunds, and that cushion, economists say, is gone.
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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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abcnews.com
Retail sales up 0.9% in May as the weather improved and gasoline prices cooled
Shoppers increased their spending in May as temperatures warmed and gasoline prices cooled
