US economic growth slows, signalling potential interest rate cuts: NRF

Key elements of the US economy continue to grow but have slowed, suggesting the Federal Reserve may lower interest rates later this year.
Despite inconsistent job growth and weak consumer confidence, GDP growth rebounded to 2.8 per cent in Q2.
Inflation is down but above target.
Retail sales increased, and disposable income rose 3.6 per cent YoY in Q2.