Retail Sales Up 0.6% In Jun., Better Than Expected
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U.S. retail sales rebounded more than expected in June, suggesting a modest improvement in economic activity and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.
US retail sales rebounded in June in a broad advance, potentially tempering some concerns about a retrenchment in consumer spending.
US retail sales surged 0.6% MoM, far exceeding expectations and signaling robust consumer demand despite recent tariff volatility. Read more on the market's focus.
The earnings calendar turns to big consumer names, after banks provided the highlights earlier this week. GE Aerospace, PepsiCo and Netflix are among companies reporting results Thursday, in the first
June retail sales data will give investors a look at how tariff-fueled inflation is shaping consumer spending.
Wall Street’s market averages trade higher on Thursday, as investors digested fresh data on retail sales and jobless claims. The benchmark S&P 500 (SP500) has pushed up by 0.2% and the blue-chip Dow (DJI) has climbed by 0.