Americans increase spending modestly in June as inflation eases and the job market remains strong
Retail sales rose 0.2% from May to June, following a revised 0.5% increase the previous month, the Commerce Department reported Tuesday. The figure matched the pace of consumer inflation in June from the prior month, underscoring that shoppers are just about keeping up with pricing pressures. Shoppers increased spending at electronic stores and furniture and home furnishings stores after a recent pullback.