"Retail Sales Steady as Consumers Continue Spending"
TL;DR Summary
June's U.S. retail sales report shows flat growth, indicating that consumers are becoming more discerning but still spending. Year-over-year retail sales rose by 2.3%, with notable increases in nonstore retailers and building materials. Economists suggest that the resilient consumer spending supports the economy, and the report does not alter expectations for a potential Fed rate cut in September. Major retailers saw modest gains following the report.
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