Episode Details

Retail sales surged in May with a 0.9% jump, fueled by tax refunds and strong online shopping growth, though electronics sales dipped and restaurants saw a slight decline. Despite rising prices and a shaky job market, consumer spending remains the economy’s engine. Globally, a potential Iran deal could ease oil supply fears, but recovery for sectors like apparel may take time. Meanwhile, gas prices are cooling, but shoppers may keep hitting big box stores for discounts — a habit that could stick around.

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