Retail sales in the U.S. increased by much more than expected in the month of August, according to a report released by the Commerce Department on Thursday.
The report said retail sales climbed by 0.6 percent in August after rising by a downwardly revised 0.5 percent in July.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.