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Tax Refunds Fade, Retail Sales Dip | Duluth News
Retail sales took an unexpected dive in July as government tax refunds faded, revealing a slowdown in consumer spending that caught economists off guard. With the boost from those refunds now gone, shoppers are pulling back—especially on non-essentials—putting pressure on businesses and hinting at a potential longer-term trend. This shift signals that the temporary spending surge was masking deeper patterns, and officials are watching closely to see if this marks a blip or the start of a broader economic pause. Listen in comfort:Get a discount on a Soli Pillow…
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