Reported about 24 hours ago
Retail sales in the U.S. fell by 0.9% in May as consumers curtailed their spending ahead of anticipated tariff increases, especially in the auto sector, which saw a significant decline in sales. While the data reflects some strength in consumer spending, economists predict further setbacks as shoppers adapt to the upcoming tariffs, suggesting that the surge in buying seen in earlier months was merely a preemptive response to higher prices.
Source: YAHOO