A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased by slightly more than expected in the month of September.
The Commerce Department said retail sales rose by 0.4 percent in September after inching up by 0.1 percent in August. Economists had expected retail sales to rise by 0.3 percent.
"Strong retail spending last month suggests the recovery maintained strength through the end of the third quarter," said FHN Financial Economic Analyst Mark Streiber.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.