The drop in spending raised concern among some economists about the resiliency of consumers who have powered the economy forward despite nagging inflation and soaring gasoline prices.

Americans unexpectedly cut their spending in July by the biggest drop since May 2025, raising doubts about the resiliency of consumers who have kept spending and powering the…

NUEVA YORK (AP) — Los estadounidenses recortaron inesperadamente su gasto en julio, a medida que desaparecía el impulso de los reembolsos de impuestos del gobierno.

Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded