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This Week: Retail sales, Fed policy update, Kroger earns
The Associated Press
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SIZING UP RETAIL SALES
The Commerce Department issues its May tally of U.S. retail sales Tuesday.
Economists predict sales fell a seasonally adjusted 0.5% last month. That would follow flat sales in April and a massive 10.7% jump in March, when many Americans received $1,400 stimulus checks that boosted spending. Retail spending covers about a third of overall consumer spending, which accounts for two-thirds of all economic activity in the U.S.
Retail sales, monthly percent change, seasonally adjusted:
Dec. -1.2
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Comments by Fed Chairman Jerome Powell and other Fed officials have convinced most analysts that the central bank will leave interest rates at a record low of 0% to 0.25%. Wall Street will be watching for any hints as to when the Fed may consider raising rates amid growing si ....

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