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Retail sales rose less than expected last month as consumers cut back on spending
This spending moderation occurred despite a notable cooling of US inflation last month
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economictimes.indiatimes.com
US consumer inflation likely increased at a slow pace in June as gasoline prices retreated
U.S. consumer inflation probably slowed in June, but rate hikes remain possible. Gasoline prices retreated from highs after a fragile ceasefire took hold. This truce collapsed,…
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pbs.org
Inflation cools more than expected in June as gas costs fall and underlying prices ease
Tuesday's report likely reduces pressure on the Fed to boost its short-term interest rate to combat inflation.
