Page 62 - Jeffrey Roach News Today

U.S. retail sales fell more than expected in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023. The broad drop in sales reported by the Commerce Department on Wednesday, together with subsiding inflation, are likely to encourage the Federal Reserve to further scale back the pace of its interest rate increases next month.

U.S. retail sales fell 1.1 percent last month, triggering major stock market falls.

WASHINGTON (Reuters) - U.S. retail sales fell by the most in a year in December, pulled down by declines in pu...

Manufacturing output recorded its biggest drop in nearly two years in December, while monthly producer prices also tumbled, other data showed on Wednesday. The widespread signs of weakening demand and subsiding inflation are likely to encourage the Federal Reserve to further scale back the pace of its rate increases next month, but not pause its monetary policy tightening anytime soon as the labor market remains tight.

The broad drop in sales together with subsiding inflation should lead to a slowdown in the pace of interest rate hikes.

U.S. retail sales fell 1.1 percent last month, triggering major stock market falls.

U.S. retail sales fell 1.1 percent last month, triggering major stock market falls.

Australian shares to edge lower; AGL appoints Damien Nicks as CEO; BHP delivers record iron ore output; Nanosonics upgrades guidance; Michael Hill record first-half sales. Follow updates here.

U.S. retail sales fell 1.1 percent last month, triggering major stock market falls.

U.S. retail sales fell 1.1 percent last month, triggering major stock market falls.