Retail sales slide
Americans unexpectedly cut back on spending last month as a boost from government tax refunds faded.
Retail sales unexpectedly fall in July as government tax refunds fade
Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded.Retail sales slipped 0.6% last month, the biggest drop since May 2025 from a revised gain of 0.2%, according to the Commerce Department data released Friday.There was a notable bump in spending in both Apri





