U.S. Retail Sales Were Flat In July As Inflation Takes A Toll

U.S. Retail Sales Were Flat In July As Inflation Takes A Toll

Newsy

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Watch VideoThe pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.

Retail purchases were flat in July after having risen 0.8% in June, the Commerce Department reported Wednesday.

America's consumers, whose spending...

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