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July Retail Sales Rise Solidly Amid Uplift in Spending
Americans boosted spending in July with gains at auto dealers grocery stores clothing shops and restaurants. The Commerce Department reported a 0.5 percent annual rate rise after a 0.2 percent June gain, while savings and confidence supported continued demand amid higher gas costs and inflation.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Econom
Ellen Zentner
Morgan Stanley
Macy’s
Michael Feroli
Jpmorgan Chase
Federal Reserve Bank of New York
U.S