Retail Sales Drop. What Was Behind the Surprise Fall.
Retail sales fell 0.8% in January from the month prior.
Source: marketwatch.com
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Retail sales fall 0.8% in January: 'Spending splurge nears end'
American consumers appear to be nearing the end of their spending splurge as retail sales dropped by the most in nearly a year.
Source: nypost.com
Retail sales fell more than expected in January as higher prices bit into consumers' spending power
Higher prices are taking a bite of out Americans' seemingly unstoppable urge to spend.
Source: fortune.com
US CPI: Parsing US CPI data: May rate cut odds drop
January’s consumer price data has led the probability of a rate cut by the Federal Reserve fall in both March and May fall, and rise in June.
Source: afr.com
Wall Street Roiled by 'Still Sticky' CPI Signals: Markets Wrap
(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Equities moved away from their all-time highs after the core consumer price index topped estimates and climbed the most in eight months. Treasuries sold off, with two-year yields hitting the highest since before…
Source: swissinfo.ch