US Retail Sales Growth Slows in May as Consumers Face Inflation and High Interest Rates
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#fed009b0 ver:0.63

US retail sales growth slows in May, rising just 0.1% and falling short of expectations. Gas stations and furniture stores saw declines, while sporting goods and online sales were strong. High interest rates and inflation are weighing on consumers, raising concerns about the US economy and the potential for a recession. The Federal Reserve may consider a rate cut in September. #RetailSales #EconomicGrowth #Inflation #InterestRates #USconomy...

#newstr #UsRetailSales #ConsumerSpending #Inflation #InterestRates 

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