US retail sales exceed expectations

By Agence France-Presse

Aug 17, 2024 12:10 am

WASHINGTON, D.C. — Retail sales in the United States soared past analyst expectations in July, according to government data released Thursday, helped by the autos segment and bringing some relief to policymakers.

US consumption has remained resilient despite high interest rates, and experts are closely monitoring if this holds up until the central bank begins rate cuts.

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