Woofun AI reports that US retail sales increased 0.2% in June, with the headline figure largely influenced by a decline in gasoline prices rather than increased consumer volume. Excluding autos and gas, sales rose 0.4%, while the control group climbed 0.5%. Bitcoin rallied to approximately $64,700 following the release of softer-than-expected inflation data.

Import prices dropped due to lower energy costs, though nonfuel imports rose 0.1%. Manufacturing output stalled, with durable goods production declining. Consumer inflation expectations for the next year rose to 3.7%, with households anticipating an 8.3% increase in rent and a 9.4% rise in medical costs. The Federal Reserve maintains rates between 3.50% and 3.75%, with market odds for a September hike standing between 50% and 63%.