Goldman Sachs warns of consumer spending slowdown as tax refund boost fades — Live Feedhttps://www.live-feeds.com/feed/goldman-sachs-warns-of-consumer-spending-slowdown-as-tax-refund-boost-fadesContinuously updated, source-cited coverage. US Retail Sales Suffer Largest Drop in Over a Yearhttps://www.live-feeds.com/feed/goldman-sachs-warns-of-consumer-spending-slowdown-as-tax-refund-boost-fadeshttps://www.live-feeds.com/feed/goldman-sachs-warns-of-consumer-spending-slowdown-as-tax-refund-boost-fades#u45065Wed, 19 Aug 2026 04:25:27 +0000US retail sales fell sharply in July, marking the most significant decline in more than a year. The drop was unexpected and coincided with a fall in the value of the US dollar. Goldman Sachs attributes this spending slowdown to the fading impact of tax refund boosts. Shoppers are reportedly feeling financial pressure, leading to a sharp reduction in retail expenditures.Why it mattersConsumer spending is a primary driver of the US economy. A sustained decline suggests that previous fiscal supports, such as tax refunds, are no longer offsetting price pressures for shoppers.What is confirmedUS re