Pursuits
Consumers Would Put Fed Hike on Map If Not for Jobs Data
- Retail sales rise more than forecast in May after April surge
- Brexit also restraining Fed this month and maybe in July
U.S. May Retail Sales Surprise With 0.5% Gain
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American consumers weren’t letting a slowdown in hiring prevent them from going on a shopping spree.
Retail sales increased by a more-than-forecast 0.5 percent in May following a 1.3 percent jump the prior month that was the biggest gain in a year, Commerce Department figures showed Tuesday in Washington. The advance was broad-based, with online merchants and clothing stores leading the way.