U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Categories: appliance outletsautomobilesbanksbenchmark interest ratebook storesbuilding materialbuilding materialsBusinessCapital EconomicsCensus Bureauclothing retailersCommerce DepartmentConsumer spendingconsumptioncore retail salescreditDecemberdining outdiscretionary spendingdrinking placesEastereconomic activityeconomic expansionECONOMYelectronicsFederal Reservefirst quarterfood servicesfurniture store salesgarden equipment store salesGasolinegasoline stationsGDP growthgross domestic product growthgrowth pacehigher interest rateshobbyhousehold financeshouseholdsinflationlabor marketloan paymentslower income borrowersMaymotor vehiclesmusical instrumentNorth America economistonline store salesparts dealersPaul AshworthpolicymakerspricesRate cutReutersrevisedsavingssecond quarterSeptemberspendingsporting goodsTodays HeadlinesU.S. central bank officialsU.S. retail saleswage increases