Retail sales in US steady but inflation threat grows

Retail Sales Trends: Core retail sales in the U.S. rose by 0.1% in May, indicating consumer resilience despite a 0.9% drop in overall retail sales; year-over-year, core sales increased by 3.9%.

Inflation Concerns: Economists warn that inflation from tariffs may impact household budgets later this year, potentially cooling consumer spending as households adjust to rising costs amidst trade policy uncertainty.