US Retail Sales Rebound in August
US retail sales rebounded by 1.2 percent in August as households increased spending on goods and at restaurants. Meanwhile, import prices surged 0.7 percent, reinforcing expectations for a Federal Reserve interest rate increase.
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United States retail sales rose 1.2% in August, outpacing forecasts as households increased spending on goods and dining out. The rebound follows a revised 0.5% drop in July, according to Commerce Department figures released on Tuesday afternoon. The data reinforces consumer resilience and supports expectations for upcoming Federal Reserve policy tightening, economists said.
