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US Retail Sales Preview: Fed hawks could use another robust consumption report
The United States (US) Census Bureau will publish the country’s Retail Sales report on Tuesday, which is expected to show that the headline Retail Sales number will rise for the third straight month in July. The US consumer spending is likely to show continued resilience, indicating an optimistic outlook for the economy heading into the third quarter. The United States Dollar (USD) has been consolidating at its highest level in four weeks even after tame United States Consumer Price Index (CPI) data, which briefly cemented expectations that the US Federal Reserve (Fed) is nearing the end of its tightening cycle. US ... (full story)