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America In Focus: Inflation cools in July, but so do consumers with their spending
Consumer prices rose 3.4% in July as inflation shows signs of cooling. However, retail sales fell by 0.6%, marking the largest drop since May, while home sales also slowed. The impact of government tax refunds is fading, leaving consumers h...
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Consumer prices rose 3.4% in July as inflation shows signs of cooling. However, retail sales fell by 0.6%, marking the largest drop since May, while home sales also slowed. The impact of government tax refunds is fading, leaving consumers hesitant.
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#news #inflation #economy #retailsales #housingmarket #USstocks
Originally reported by AP News.
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