- Retail sales rise more than forecast in May after April surge
- Brexit also restraining Fed this month and maybe in July
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.
Victoria Stilwell & Carlos Torres | Bloomberg