US retail sales post steeper fall than expected
Retail sales in the US fall by 1% in March from a month prior, to US$691.7 billion. – EPA pic, April 14, 2023.
RETAIL sales in the United States slipped more than anticipated last month, government data released today showed, extending a downward trend that signals cooling in the economy. The US central bank has raised interest rates steeply since early last year to lower demand and rein in high inflation, and there are signs that its policy is starting to bite.
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