The Census Bureau's Advance Retail Sales Report for May showed consumer spending pulled back significantly last month, with headline sales sinking 0.9%.

Consumer spending likely dropped last month, economists forecast, weighed down by a pullback in car purchases. Retail sales are seen dropping 0.6% from April, economists polled by The Wall Street Journal project.

US retail sales fell by the most since the start of the year in May, suggesting new tariffs deterred consumers from spending, especially on cars.

Retail sales dropped by a sharp -0.9 percent for May, even worse than the market expectation of -0.6 percent. Click to read.

U.S. retail sales dropped 0.9% in May, more than the 0.6% many economists forecast. The steep decline follows a 0.1% decrease in April amid the uncertainty about the economy. Laila Maidan, tech and investing reporter for MarketWatch,

The Federal Reserve headlines the central banks slated to weigh in on interest rates in the coming days. President Trump [has turned up the pressure](