Quick Review of U.S. Retail Data for June

U.S. retail sales rebounded across various sectors, which may help alleviate some concerns about a decline in consumer spending. Out of 13 retail categories, 10 experienced growth, primarily driven by automobile sales, which rebounded after two consecutive months of decline. This year, due to heightened tariff threats and years of cost-of-living pressures, Americans have largely held a pessimistic view of the economy and their own financial situations, although confidence has recently improved