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Retail Sales Fall Sharply As Trump Tariffs Hurt Consumer Spending In May
US retail sales fell more than expected in May as consumers pulled back on spending amid rising economic anxiety fueled by President Donald Trump's tariffs. Seasonally adjusted sales dropped 0.9% in May to $715.
US retail sales fall sharply in May
U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariffs-related price hikes ebbed, but consumer spending remained supported by solid wage growth.
Retail sales slide in May amid trade tensions
Retail sales slid in May amid an ongoing reset in U.S. trade policy that has both consumers and businesses watching what they spend. U.S. retail and food services were $715.4 billion in May, down 0.9 percent from April,
US Retail Sales Suffer Biggest Drop in Four Months, Falling 0.9% in May
Consumer spending pulled back sharply in May, weighed down by declining gas sales and looming unease over where the economy is headed, the Commerce Department reported Tuesday.
May retail sales drop more than expected
U.S. retail sales dropped 0.9% in May, more than the 0.6% many economists forecast. The steep decline follows a 0.1% decrease in April amid the uncertainty about the economy. Laila Maidan, tech and investing reporter for MarketWatch,
US retail sales post biggest drop in four months
U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now.
US retail sales drop for a second month, dragged down by cars
US retail sales fell for a second month in May, suggesting anxiety over tariffs and their finances prompted consumers to pull back after an early-year spending rush.
US consumer sentiment soars to 60.5 over easing inflation
June's preliminary consumer sentiment reading climbed to 60.5, as reported by the University of Michigan, from April's print ...
US Homebuilder Sentiment Skids to 2-1/2-Year Low, NAHB Says
(Reuters) -A gauge of U.S. homebuilder sentiment slid unexpectedly to its lowest level in two and a half years in June, with ...
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US consumer sentiment jumps for first time in 2025, says UMich report; tariff pause and steady prices lift confidence
US consumer sentiment rebounded in June ... The rebound follows five consecutive monthly declines and lifts the index from its second-lowest level in the survey’s nearly 75-year history.
Consumer sentiment rises for 1st time this year as inflation remains tame
WASHINGTON (AP) — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ ...
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‘Save what we can’: Economic uncertainty, Trump rhetoric hits US travel
US travel industry has been hit by domestic consumers cutting back and foreigners snubbing country over Trump rhetoric.
US stock market today: Wall Street slips on weak industrial output, Israel-Iran conflict fuels oil spike
US stocks experienced a slight dip in early trading due to disappointing retail spending data and escalating geopolitical ...
US inflation to tick higher as tariffs reach consumers
Prices of goods and services, excluding volatile food and energy costs, rose 0.3% in May, the most in four months, according ...
US stock market today: Dow struggles, Nasdaq dips, S&P slides as Boeing crashes and Trump sparks fresh China tariff fears
US stock market opened volatile on June 12, 2025, as President Donald Trump announced a “done” trade deal with China, yet ...
The Day Ahead: Markets Digest Oil News and Consumer Data Today Amid Crisis Mode
Markets today face sharp losses as oil news drives risk-off moves amid Middle East tensions and U.S. consumer sentiment data.
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Consumer sentiment shows marked improvement in June
Consumer sentiment rebounded sharply in June, rising 16% from May, though still 20% below its December 2024 peak. Inflation ...