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U.S. Economy

US Retail Sales Ex Autos (Jul MM) -0.3% vs. Exp. 0.2% (Prev. -0.2%)

StockNow breaking-news AI analysis

July retail sales significantly missed expectations, with the Ex-Autos figure dropping 0.3%. This cooling consumer activity, coupled with soft inflation data, has sharply reduced expectations for a September Fed rate hike.

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