WASHINGTON, Feb. 29 (Xinhua) The U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 2.4 percent in January, as inflation continued to cool amid high interest rates, the Commerce Department reported on Thursday.
(Bloomberg) US retail sales broadly declined in January, indicating consumers took a breather after a strong holiday shopping season.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionPutin Steps Into US Race to Back ‘Old-Style’ Biden Over TrumpTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsThe Brutal Reality of Plunging Office Values Is HereThe value of retail purcha
U.S. retail sales in January slumped by 0.8%, breaking a trend of unexpected consumer strength, with building materials and motor vehicles leading the declines.
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