Car Buyers Drive July Retail Sales
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This week’s retail sales report will show if resilient spending can withstand rising prices and tariff uncertainty.
US retail sales remain resilient, with strong growth in autos and e-commerce offsetting softness in some categories, supporting ongoing consumer demand. Import prices showed modest inflationary pressure,
Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.
July's solid 0.5% increase in retail sales was giving way to greater optimism in the stock market on Friday about the ability of consumer
China's economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world's second-largest economy after President Donald Trump extended a pause in sharp hikes in import duties for 90 days,