Online retailers, sporting goods stores, and home and garden stores all reported higher sales
The central bank is expected to announce a rate cut this Wednesday
It was the fifth straight annual drop and the smallest since February 2021
U.S. hiring rebounds slightly, unemployment rate dips
Most Americans, however, are not in the same celebratory mood after the Fed's rate hike campaign
Despite the near-end of high inflation, many Americans remain unhappy with the cost of living
The Fed is widely expected to announce a modest quarter-point cut in September
The central bank is poised to cut its benchmark interest rate next month from its 23-year high
America’s consumers, the primary driver of economic growth, are still willing to spend, data show
Year-over-year inflation reached its lowest level in more than three years in July