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Retail Sales Were Unchanged In April From March As Inflation And Interest Rates Curb Spending

Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. Retail sales were unchanged, coming in well below economists’ expectations, and follow a revised 0.6% pace in March, according to Commerce Department data released Wednesday. Sales rose 0.9% in February. That […]
United States Michael Pearce Joe Biden Labor Department Federal Reserve Commerce Department

Retail sales were unchanged in April from March as inflation and interest rates curb spending, ET Retail

Retail sales were unchanged, coming in well below economists expectations, and follow a revised 0.6% pace in March, according to Commerce Department data released Wednesday. Sales rose 0.9% in February. That comes after sales fell 1.1% in January, dragged down in part by inclement weather.
United States Michael Pearce Joe Biden Commerce Department Labor Department Federal Reserve

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