U.S. Consumer Sales Surge in July with Amazon’s Influence | August 15, 2023

In July, U.S. retail sales climbed more than expected, up by 0.7%. Amazon's Prime Day played a part, boosting online sales, which rose 10.3% compared to last year. However, not all was rosy. Sales fell in areas like furniture and electronics. Pantheon Macro reminds us to be cauti