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Economics3h 23m ago
Retail sales rose less than expected last month as consumers cut back on 'frivolous' spending.
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US
Who
US consumers
What
Retail sales rose less than expected last month as consumers cut back on 'frivolous' spending.
When
Thu, 16 Jul 2026 13:46:44 GMT · 3h 23m ago
Where
US ·
Why
Consumers cut back on 'frivolous' spending despite a notable cooling of US inflation.
The Frontline Impact
How this affects you
The slowdown in retail sales indicates a moderation in consumer spending, potentially impacting economic growth. This trend occurred despite a cooling inflation rate.
Story chain
1 event in this threadNo related history yet - this is the origin event.