Retail Sales Miss
The optimism surrounding the big increase in quarterly GDP was dampened today after U.S. Census Bureau announced the retail sales. Month-over-month The seasonally adjusted U.S. retail sales for December declined by -0.9% from previous month. The estimates was +0.2%. Previous month’s month-over-month rate was also revised down to +0.4% from 0.7%. The Core Retail Sales…
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