U.S. Shoppers Defy Expectations: July Retail Sales Exceed Forecasts U.S. retail sales significantly outperformed expectations in July 2024, rising 1% compared to the anticipated 0.4% increase. This robust growth, coupled with positive revisions to June’s figures, suggests continued consumer resilience despite economic concerns. The broad-based increase across various retail categories, including strong performances in motor vehicle sales and electronics, indicates widespread consumer spending. This data, along with recent favorable inflation readings, has prompted some economists to suggest that the Federal Reserve should shift its focus from inflation to potential labor market issues and their broader economic implications. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Real Story Behind China's Gold Demand and Reserves READ MORE America's Debt Crisis: The Hard Truths Politicians Won't Tell Voters READ MORE Social Media Sparks Gold-Buying Frenzy in Iran READ MORE Dollar Rises as Geopolitical Tensions Mount; Oil Prices Climb Amid Middle East Concerns READ MORE UBS Forecasts Commodity Rally Driven by Strong Fundamentals READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment