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Business

Piero Cingari

Economists Debate Retail Sales Report While Traders Maintain Confidence In Upcoming Fed Hike

Jeffrey Roach Tuan Nguyen LPL Financial

The Port of LA held a groundbreaking ceremony for the second phase of the $85 million LA Waterfront Promenade in San Pedro on Tuesday, July 18, 2023. This is the second and final phase of the promenade that will border the new West Harbor development. (BRITTANY MURRAY/MEDIANEWS GROUP/LONG BEACH PRESS-TELEGRAM VIA GETTY IMAGES) © Z News Inc.

The June Retail Sales Report has sparked varying interpretations among economists, resulting in divided opinions on different aspects of consumer spending trends.

The New York Stock Exchange is seen during afternoon trading on July 18, 2023, in New York City. Stocks closed slightly high today with the Dow Jones closing over 300 points for its seventh straight day of gains and the longest winning streak since March 2021, amid better than expected corporate earnings. (MICHAEL M. SANTIAGO/GETTY IMAGES)

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