In June, US retail sales experienced a modest uptick, signaling a slowdown in consumer spending. This increase was markedly weaker compared to the previous months robust showing. Notably, spending declined across essential sectors like vehicles and food stores.

US consumer inflation cooled more than expected in June, government data showed Tuesday, as energy costs fell on a temporary easing of the US-Iran war.

US retail sales rose 1% in June, the fifth straight monthly gain. Here's what durable consumer spending means for monetary policy and crypto markets.