U.S. Census Bureau: Seasonally adjusted, retail sales up 1.0% in July from June, the biggest month-to-month increase since January 2023. More cold water on corporate media's 'easing inflation' and September rate cut story.
Pouring gasoline on the inflation conflagration, U.S. retail and food services sales jumped by 1.0% in July 2024 from June, according to the U.S. Census Bureau's latest advance estimates. This marks the biggest month-to-month increase since January 2023. Regardless of the narrative put forth by