Listen: Retail Sales Notch Higher for Third Straight Month
"Retail sales notched a third straight month increases in may showing consumers are willing to spend even amid continued trade tensions. Joining me now from Washington is Wall Street Journal reporter Sara Cheney the Syra consumer spending makes up about two-thirds of the nation's economic output. So what did we learn from the latest report about the health of the US retail sector? We saw that retail sales increase pretty strongly in may, and that follows a solid, April reading too. So overall consumers are doing pretty well and showing resilience Sarah, what are there, any particular segments in the retail sector that we saw that did particularly well in may? So it was pretty broad based, which is always a good signal for the economy. We saw retail sales rose and electronics sporting goods restaurants. Those are all sort of discretionary spending. Categories. So it shows that people have more money in their pockets, and they're, they're willing to go out and shop, some let's talk a little bit about inflation. We know the Federal Reserve keeps a close eye on that. And it's been running below their two percent. Target is the may retail report, a potential concern there. So really for consumers will inflation is good rates. So if you're going out to a store, and you're not seeing huge price increases. That's good for you. You can probably spend a little more money than you, otherwise would for the Federal Reserve at present somewhat of a dilemma, because it's been undershooting there two percent annual inflation target trade tensions, of course, continue to be in the headlines and the latest tariffs on China hit consumer goods. Are we seeing that impact retail sales at also far it's really hard to say at this point, but retailers could feel the squeeze from tariffs in coming months? The trump. Administration put tariffs of twenty five percent on billions of dollars of goods imported from China, the impacts products ranging from clothing to handbags to furniture in so merchants could either absorb the added costs from the price increases themselves, or they might have to pass them along to vendors or even consumers, but that remains to be seen in the coming months."