Drunken Sailors Partying Hard: Retail Sales Jump despite Cooling Inflation in Goods that Retailers Sell

They partied most at Restaurants & Bars, and at ecommerce retailers. If I hear one more time consumers are “tapped out,” I’m going to scream. Retail sales, including at food services and drinking places, jumped 0.7% in July from June, after the upwardly revised 0.3% increase in June, and the 0.7%…

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