U.S. Retail Sales Rose at Slower Pace Last Month
Inflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices
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…
US retail sales rose 0.2% in June to $768.6B, but excluding gasoline the gain was 0.7% as pump prices fell sharply from $4.61 to $4.18 per gallon.
...'real' retail sales are growing at their fastest annual clip since March 2022...
This spending moderation occurred despite a notable cooling of US inflation last month
Shoppers slowed their spending in June from May, but excluding business at the gas pump, shoppers showed resilience despite economic uncertainty as they bought cars and took advantage of summer sales events.
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.
U.S. Producer-Price Index Fell in June
Shoppers slowed their spending in June from May, but excluding business at the gas pump, shoppers showed resilience despite economic uncertainty as they bought cars and took…
Spending at US retailers last month was weaker than expected, despite the World Cup drawing tourists from around the world and online sales events.
US retail sales rose 0.2% in June to $768.6B, with gas prices masking stronger gains. Here's what it means for Fed policy and crypto markets.
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.…
Nasdaq Slips as Chip Stocks Come Under Pressure
US retail sales dipped 0.2% in June as gasoline prices fell. Crude oil reaching a new all-time high by September 30 at 5% YES.
Consumer Sentiment Climbed in July, per Michigan Survey