The United States’ economy continued to roar to life under President Trump and the GOP-controlled Congress in July; smashing estimates and posting stunning retail sales figures in the normally quiet summer month.
“U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter,” writes CNBC.
“Economists polled by Reuters had forecast retail sales nudging up 0.1 percent in July. Retail sales in July increased 6.4 percent from a year ago,” adds the report.
The strong economic data throws even more cold-water on the media’s overhyped “blue wave” predicted for this fall, with House Minority Leader Nancy Pelosi vowing to repeal the “GOP tax scam” should Democrats retake control of Congress.
Read the full report at CNBC.