US Retail Sales Tick Up, Boosted by Strong Online Spending
Consumers spent $689.5 billion in June, 0.2% more than in May, but economists were expecting a 0.5% jump in spending.
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Consumers spent $689.5 billion in June, 0.2% more than in May, but economists were expecting a 0.5% jump in spending.
Fewer loans means less consumer spending, and less consumer spending means lower inflation — a result the Federal Reserve tried to engineer.
On Nov. 4, 2022, the first bench was installed on Main Street in St. Albans.
Economists expect the US economy to have added jobs at a slower pace in June than in the month prior, while other key indicators like the unemployment rate and wage growth could still indicate a tight labor market.
New manufacturing data casts a shadow on the very positive final week of June — but, like many things, it's complicated.