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US retail sales rise 0.5%, matching forecasts as consumer rebound continues
Retail sales in July rose 0.5% from the prior month, a rise that was slightly below Wall Street forecasts but a sign the consumer continues to steady the ship after a dramatic drop in spending this spring. Economists had expected retail sales to rise 0.6% from the prior month in July, according to data from Bloomberg. Excluding autos and gas, retail sales rose 0.2% last month. Friday's report marks the second-straight month retail sales rose after two months of declines in May and April, with May's 0.9% heightening fears over the health of the US consumer. June's retail sales were also revised higher on Friday, with ... (full story)
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From @financialjuice|Aug 15, 2025Fed's Goolsbee: US inflation picture has been mixed. FED'S GOOLSBEE: STILL NEED ANOTHER INFLATION REPORT TO FIGURE OUT IF STILL ON GOLDEN PATH LET'S NOT OVERREACT TO ONE MONTH OF PPI, CPI, IMPORT PRICES, BUT AN AREA OF CONCERN Fed's Goolsbee: Need To Figure Out What Part Of Price Increases To Ignore, Which To Respond To - Don't Need To Hold Rates Forever - If Keep Getting Inflation Reports Like We Had Earlier, Totally Fine To Bring Rates To Where They Will Settle Federal Reserve's Goolsbee Says If There Is Any Sign by September or Later That Inflation Is Not Spiraling, They Can Lower Interest Rates
From bls.gov|Aug 15, 2025U.S. import prices increased 0.4 percent in July, the U.S. Bureau of Labor Statistics reported today, following a 0.1-percent decrease in June. Higher prices for nonfuel imports ...
From newyorkfed.org|Aug 15, 2025Business activity grew modestly in New York State in August, according to firms responding to the Empire State Manufacturing Survey. The headline general business conditions index ...
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