Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined slightly the previous month. Auto dealers, electronics and appliance stores and grocery stores all reported strong sales gains.🇺🇸
https://www.pbs.org/newshour/amp/economy/americans-spent-more-at-retailers-in-july-despite-higher-prices
drmonalidesai / Dr. Monali Desai
npub16c…u8gmf
2024-08-16 15:37:23
Author Public Key
npub16cfnxee9vpp2vamnrpj4hu0n3kxdm9z0fw4xczmsaa9sykv54uzqgu8gmfPublished at
2024-08-16 15:37:23Event JSON
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"content": "Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined slightly the previous month. Auto dealers, electronics and appliance stores and grocery stores all reported strong sales gains.🇺🇸\n\nhttps://www.pbs.org/newshour/amp/economy/americans-spent-more-at-retailers-in-july-despite-higher-prices",
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