US Retail Sales Dip 0.1% YoY in July 2026, Narrow Decline

US retail sales fell 0.1% year-on-year in July 2026, with only four of nine components reporting declines, indicating a broad-based but shallow contraction. The data suggests consumer spending is softening, though the narrow decline limits the signal of a sharp downturn. This adds to evidence of slowing growth, potentially influencing Fed policy expectations.