US Retail Sales Rise in July, Boosting Economy and Market Confidence
TL;DR Summary
U.S. retail sales increased in July, driven mainly by a surge in automobile purchases as consumers buy ahead of tariff-induced price hikes, indicating ongoing economic growth despite slower expansion and inflation concerns. While overall retail sales rose modestly, some sectors like restaurants lagged, and the economy faces potential slowdown due to tariff impacts and inflation, with market optimism remaining high.
- Car buyers rev up U.S. retail sales in effort to beat tariff price hikes. Economy is still growing. MarketWatch
- Stock market today: Dow, S&P 500 futures rise as retail sales climb, rate-cut bets cool Yahoo Finance
- Retail sales climbed 0.5% in July CNN
- US Retail Sales Climb in Broad Advance After Upward Revision Bloomberg.com
- Retail sales jump as discount events stoke spending Axios
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