AI Data Insight

According to the latest data, US Q2 2026 retail sales excluding autos reached 523,550 million USD, a significant increase of 1.21% from the previous figure, far outperforming market expectations. Benefiting from the tax refund effect during tax season, wealth spillover from the stock market, and the push from certain energy prices, core consumption demonstrated extreme resilience. Looking ahead, as the tax refund dividend fades, overall consumption growth is likely to slow down and will become a key variable for the Federal Reserve in evaluating monetary policy.

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