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17th Jun 2025 07:39USDaily Monitor

  • The biggest fall in headline retail sales in two years suggests consumers are starting to tire…
  • …More weakness is likely in the coming months, as tariff-induced price rises hit in earnest.
  • The further rise in import prices ex-tariffs in May indicates tariff costs are being borne entirely in the US.

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Keywords for: 18 June 2025 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence