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Jewish News 24 · Aug 14, 2026

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Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded. Retail sales slipped 0.6% last month, the biggest drop since May 2025 from a revised gain of 0.2%, according to the Commerce Department data released Friday. There was a notable bump in spending in both April and May as Americans dipped into their tax refunds.

Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded. Retail sales slipped 0.6% last month, the biggest drop since May 2025 from a revised gain of 0.2%, according to the Commerce Department data released Friday. There was a notable bump in spending in both April and May as Americans dipped into their tax refunds.

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