Hi(gh) Gasoline! US retail sales in May rise on auto power
- Posted on June 18, 2026
- By Business News Today
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- 1 min read
Hi(gh) Gasoline! US retail sales in May rise on auto power
American shoppers spent more in May than anticipated. This boost came from tax refunds and a stock market rise. However, this spending has reduced savings. Higher gas prices also contributed to the sales jump. Experts predict a slowdown as the impact of tax refunds fades. The Federal Reserve is expected to hold interest rates steady.
