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Washington
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\n Americans are still opening their wallets, boosted by low unemployment and improving consumer sentiment.\n <\/p>\n
\n Spending at US retailers, including at restaurants and online, rose 0.5% in July, the Commerce Department said Friday. That\u2019s down from June\u2019s upwardly revised 0.9% gain, and in line with economists\u2019 expectations. Retail sales are adjusted for seasonal swings, but not inflation.\n <\/p>\n
\n Consumer sentiment plummeted in the spring as President Donald Trump carried out his erratic trade war, but Americans haven\u2019t cut back. Consumers are still powering the US economy with their spending, which contributes about 70% of economic output.\n <\/p>\n
\n This story is developing and will be updated.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Facebook Tweet Email Link Washington \u00a0\u2014\u00a0 Americans are still opening their wallets, boosted by low unemployment and improving…\n","protected":false},"author":2,"featured_media":84763,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112],"class_list":["post-84762","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/84762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=84762"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/84762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/84763"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=84762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=84762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=84762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}