1035 ET - BofA Securities forecasts a robust June retail sales report, aligning with the resilience consumers have shown in recent months despite higher inflation readings. However, there were four potentially large crosswinds to retail spending, and they had low conviction on how those factors netted out, they continued. Tailwind factors include World Cup spending, Amazon Prime day promotions, and other related promotions into June. Headwinds could include slowing gas prices (because retail sales are measured in nominal terms) and seasonal factors. Economists polled by The Wall Street Journal expect a 0.2% month-over-month increase. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
July 13, 2026 10:35 ET (14:35 GMT)
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