U.S. retail sales jumped in June as spending on automobiles, building materials, and clothing all surged higher in the month to improve on May's sales decline.

Tariffs have emerged as a key concern for Halloween retailers unable to capitalize on a Party City-shaped hole.

U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September.