‘There’s good news and bad news’ when it comes to June retail sales, economist says

Economist Steve Moore joined The National Desk Monday to make sense of it all. “Well, it’s a good news, bad news story. It is good news that consumers are still spending for sure. But, unfortunately, almost all of that increase in spending wasn’t that people were buying more things,” Moore told The National Desk’s Jan Jeffcoat. “It’s just that everything we’re buying is more expensive.”

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