EconomyRetail sales unexpectedly fall in July as tax refund boost fades
US shoppers unexpectedly reduced spending in July as the lift from government tax refunds weakened. Commerce Department data showed retail sales fell 0.6% last month, the largest decline since May 2025, after a revised 0.2% gain.
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The Associated Press★★★☆☆2026-08-14 12:50Original
Retail sales unexpectedly fall in July as tax refund boost fades
Economy