June, Retail and sales
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U.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.
Sales at retailers rebounded in June after the White House dialed back high U.S. tariffs, as consumers temporarily shrugged off the trade wars and spent more on cars, clothes, do-it-yourself projects and dining out.
US retail sales rebounded in June in a broad advance, potentially tempering some concerns about a retrenchment in consumer spending.
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.
Dozens of companies listed under the index have surpassed analyst expectations through a series of earnings reports this week.
Wall Street's main indexes inched up on Thursday, supported by upbeat results from PepsiCo and strong economic data that pointed to a healthy consumer.
June retail sales data will give investors a look at how tariff-fueled inflation is shaping consumer spending.