US Retail Sales Fall Most Since May 2025
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US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. The value of retail purchases, which isn’t adjusted for inflation, decreased 0.6%, the most since May 2025, according to data published Friday by the Census Bureau. Veronica Clark, US Economist with Citi, reacts to the US retail sales data and discusses the weakening labor market and slowing inflation. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET Saturday & Sunday 7am-10am ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/4
Tags: Bonds, CPI, Citigroup Inc., Economic Data, Economy, Employment, Fed, Federal Reserve, Investing, Jobs, Paul Sweeney, Producer Price Index, Retail, Spending, Tom Keene, Treasuries, Treasury, U.S. Consumer Price Index, Veronica Clark, Yields
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