American consumers defied expectations with retail sales growth in June, as shoppers adopt a ‘wait-and-see’ attitude toward economic uncertainty and looming tariffs.

U.S. retail sales rebounded more than expected in June, suggesting the economy was regaining momentum and giving the Federal Reserve cover to delay cutting interest rates while it gauges the inflation fallout from import tariffs.

U.S. retail sales rebounded in June in a broad advance, potentially tempering some concerns about a retrenchment in consumer spending.