Fashion was strong but there were signs that discounts were key and the report came with warnings that retailers need to drive full-price sales soon as the mega-discount season that starts in November isn’t that far away.June’s results outperformed the three-month, six-month, and 12-month rolling averages (respectively -0.5%, +5.4%, +6.9%) and the sales also managed to rise 5.1% month-on-mo…
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U.S. inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.
The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from…
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