Consumer Spending Picks Up Slightly | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Retail spending edged up in June, with a 0.2% boost overall—slightly slower than May’s 1% jump. Strip out gas stations, and the trend looks stronger: 0.7% growth. Online sales surged 1.9%, fueled by Amazon’s Prime Day. This comes as inflation cools, with falling gas prices and cheaper clothes and used cars giving consumers more wiggle room. But the data only tracks physical goods and some dining—not travel or hotels—so it’s just one piece of the economic puzzle. The Fed is watching closely as they weigh next moves on interest rates. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9daf860d6b40c625