- Retail sales accelerated in July by the most since early 2023, coming in much higher than expected and signaling a resilient economy.
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- Inflation data showed a drop in both consumer and wholesale inflation. The Consumer Price Index fell below 3% for the first time since 2021.
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- Jobless claims fell for a second week to the lowest level since July, signaling the labor market isn't weakening as much as speculated.
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