www.wxxv25.com – WXXV Staff – 2025-07-17 12:00:00
SUMMARY: In June, U.S. retail sales rose 0.6% after two months of declines, showing resilient consumer spending despite tariff concerns and economic uncertainty. Auto sales led gains, with increases in clothing and personal care, while electronics and appliances declined. Consumers prioritized necessities but maintained modest discretionary spending, such as dining out. Inflation rose to 2.7% yearly, driven by tariffs, complicating Federal Reserve decisions on interest rates. Online sales surged during Amazon’s Prime event, with shoppers focusing on essentials. Retailers prepare for a strong back-to-school season amid ongoing trade policy challenges, adjusting inventories and prices to manage tariff impacts.
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