US Retail Sales Rise but Consumer Sentiment Wavers
US retail sales rose 0.5% in July, driven by a broad-based advance, according to the Commerce Department. However, economists are cautious about the trend due to a softening jobs market and weaker consumer sentiment. This marks a revision of June’s upwardly adjusted 0.9% gain. Excluding cars, retail sales increased by another 0.3%. The mixed signals … Read more