Americans pulled back on their retail spending in July and their confidence in the economy is taking a hit. That’s a potentially troubling combination for a consumer-driven economy. Retail sales fell 0.6% in July from the prior month, the Commerce Department said Friday, down from June’s 0.2% and marking the steepest drop since May 2025. Those figures are adjusted for seasonal swings but not inflation. A separate report from the University of Michigan showed that consumer sentiment declined about 8% early this month to a preliminary reading of 51, ending a two-month streak of rising sentiment. Both reports came in worse than economists had estimated in polls by data firm FactSet, showing that the lifeblood of the US economy — consumer spending — is coming under pressure. People’s dollars account for about two-thirds of economic growth. “American consumers are showing signs of fatigue,” Heather Long, chief economist at Navy Federal Credit Union, said in commentary issued Friday. Americans keep shopping amidst depressed consumer sentiment For years, the US consumer has proven resilient through a series of economic challenges, such as the Fed’s aggressive rate-hiking c
Aug 14, 2026 → Aug 27, 2026
El-Sayed praises Egypt’s community, saying "deeply atomized" Americans are "desperate to feel something." (Credit: Exxodus Pictures via Youtube - Aug. 5 and 2019 University of Michigan School of Public Health Commencement via Youtube - May…
Read original at Fox News →3 updates from 2 sources over 13 days.
El-Sayed praises Egypt’s community, saying "deeply atomized" Americans are "desperate to feel something." (Credit: Exxodus Pictures via Youtube - Aug. 5 and 2019 University of Michigan School of Public Health…
Read original at Fox News →US consumers reined in their spending in July as inflation remained stubbornly high, new Commerce Department data showed Wednesday. Consumer spending, when adjusted for inflation, was flat from the month prior, a sharp…
Read original at CNN →Americans pulled back on their retail spending in July and their confidence in the economy is taking a hit. That’s a potentially troubling combination for a consumer-driven economy. Retail sales fell 0.6% in July from…
Read original at CNN →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
El-Sayed praises Egypt’s community, saying "deeply atomized" Americans are "desperate to feel something." (Credit: Exxodus Pictures via Youtube - Aug. 5 and 2019
View source →US consumers reined in their spending in July as inflation remained stubbornly high, new Commerce Department data showed Wednesday. Consumer spending, when adjusted for inflation, was flat from the month prior, a sharp slowdown from a 0.4%…
View source →Americans pulled back on their retail spending in July and their confidence in the economy is taking a hit. That’s a potentially troubling combination for a consumer-driven economy. Retail sales fell 0.6% in July from the prior month, the…
View source →Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary
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