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Tax refunds help to lift US retail sales; drag from rising inflation looms
U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to a sharp rise in inflation since the start of the U.S.-backed war with Iran. Rising price pressures were underscored by other data on Thursday showing imported inflation last month rose at its fastest pace in four years. Larger tax refunds this year as well as strong stock market gains are providing households a cushion against rising inflation. But price rises are outpacing wage gains, the tax filing season is over and the saving rate is near a 3-1/2-year low, leaving economists to anticipate softer ... (full story)
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Americans continue to open their wallets, despite record-low consumer sentiment due to the war with Iran, in part thanks to a resilient US labor market. Retail sales climbed 0.5% in April from the prior month, the Commerce Department said Thursday, down from March’s 1.6%. That was slightly below the 0.6% increase economists projected in a poll by data firm ...
And here comes the BOJ
From euronews.com | May 14, 2026
Long-term US borrowing costs climbed to levels not seen since before the global financial crisis after the Treasury auctioned $25bn (€21.3bn) in 30-year bonds at a high yield of 5.058% on Wednesday, according to the department's own data. The sale came only hours after the US Senate voted to confirm former Federal Reserve governor Kevin Warsh as the next ...
