Has the American consumer finally chilled out? 🛒

Retail sales fall for the first time in five months 📉

(Source: @USCensusBureau)

Retail sales in May unexpectedly fell by 0.3% from a month ago, new data from the US Census Bureau revealed Wednesday. This was much weaker than the 0.1% gain economists expected. It was also the first decline since December.¹

Motor vehicle and parts sales declined. Furniture and home furnishings sales declined. Electronics and ap…