US retail sales climbed over 11% year-over-year in June, fueled by falling gas prices and cooling inflation. Major retailers like Wayfair and QVC are launching 'holiday in July' sales events. Despite this, consumer fatigue and economic uncertainty loom.
US consumer sentiment has hit a four-year low as inflation outpaces wage growth. Rising costs for fuel, food, apparel, shelter, and energy are impacting consumers across all demographics, with supply chain issues exacerbating the situation.
Consumer sentiment plummeted due to tariff fears and rising inflation expectations, impacting economic outlook. High tariffs, soft data gauges, and potential inflation pose recessionary risks.
