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Iran war effect starts to wane as strong retail consumer spending data in May raises hopes
US retail sales rise in May as Iran war impact fades. Strong consumer spending and job growth lift US economic outlook and Fed policy expectations.
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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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france24.com
US retail sales beat expectations in May as energy costs stay high
US retail sales surged past expectations in May, government data showed Wednesday, boosted by higher spending at gas stations as energy costs remained elevated amid fallout from…
