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Headline numbers don't tell the whole story.
Retail sales rose 0.2% in June from the prior month, the Commerce Department reported Thursday, a sharp decline from May's revised 1% increase and lagging the 0.3% that economists polled by FactSet expected. There's a reason that's a good thing.
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READ ALSO: Wall Street Balks at TSMC's $100 Billion Bet on Growing AI Demand and Eli Lilly to Pay up to $3.8B for AtaiBeckley in Big Pharma's Latest Psychedelic Foray
Headline numbers don't tell the whole story.
Retail sales rose 0.2% in June from the prior month, the Commerce Department reported Thursday, a sharp decline from May's revised 1% increase and lagging the 0.3% that economists polled by FactSet expected. There's a reason that's a good thing.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
READ ALSO: Wall Street Balks at TSMC's $100 Billion Bet on Growing AI Demand and Eli Lilly to Pay up to $3.8B for AtaiBeckley in Big Pharma's Latest Psychedelic Foray
2 months ago
