US retail sales post biggest jump in nearly two years
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Loading... - Chloe Johnson
- 24 Feb 2023
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Signs of strength in consumer spending could potentially elicit ‘more aggressive action’ from the US Fed.
United States retail sales increased by the most in nearly two years in January after two straight monthly declines as Americans boosted purchases of motor vehicles and other goods, pointing to the economy’s continued resilience despite higher borrowing costs.
Coming on the heels of news on Tuesday that monthly inflation picked up in January, signs of strength in consumer spending could fuel financial market speculation that the US Federal Reserve could continue rising interest rates through summer to cool domestic demand. Read More..
