July, Retail Sales
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US retail sales remain resilient, with strong growth in autos and e-commerce offsetting softness in some categories, supporting ongoing consumer demand. Import prices showed modest inflationary pressure,
Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.
Consumer spending ticked up in July in line with economists’ expectations, suggesting American households remain resilient.
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes while July's retail sales advanced. Traders were also awaiting Friday's meeting between President Trump and Vladimir Putin,
China's economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world's second-largest economy after President Donald Trump extended a pause in sharp hikes in import duties for 90 days,