{"id":72887,"date":"2025-08-16T14:31:10","date_gmt":"2025-08-16T14:31:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/72887\/"},"modified":"2025-08-16T14:31:10","modified_gmt":"2025-08-16T14:31:10","slug":"firm-us-retail-activity-and-elevated-import-costs-weakens-50bp-fed-cut-calls-snaps","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/72887\/","title":{"rendered":"Firm US retail activity and elevated import costs weakens 50bp Fed cut calls | snaps"},"content":{"rendered":"<p>Separately, retail sales rose 0.5% MoM versus the 0.6% consensus forecasts, but June&#8217;s growth rate was revised up to 0.9% from 0.6% initially reported. The details show autos rose 1.6% with furniture sales up 1.4% and non-store retail (boosted by Amazon Prime Day sales) up 0.8% with clothing up 0.7%. Electronics sales fell for a third consecutive month though (this time by 0.6%), building materials were down 1%, miscellaneous dropped 1.7% and eating, drinking out fell 0.4%. So it is a very mixed performance among the sectors.<\/p>\n<p>Retail sales accounts for just over 40% of total consumer spending and here there has been an overall cooling, which is in line with weaker consumer sentiment readings. Concern about tariff-induced price hikes and worries about the prospect for the jobs market do appear to be causing a slowing in spending growth, but there is little sign of any recession threat right now.<\/p>\n","protected":false},"excerpt":{"rendered":"Separately, retail sales rose 0.5% MoM versus the 0.6% consensus forecasts, but June&#8217;s growth rate was revised up&hellip;\n","protected":false},"author":2,"featured_media":72888,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-72887","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/72887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=72887"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/72887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/72888"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=72887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=72887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=72887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}