GLOBAL MARKETS: Shoppers play ball
US retail sales increased in May and sales for April were revised higher, suggesting a pick-up in consumer spending
20 June 2019 - 04:00
US retail sales increased in May and sales for April were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter. The fairly upbeat report follows a raft of weak data, including a step-down in hiring in May and tame inflation readings, that has led economists to believe the Federal Reserve will cut rates.
Reuters..
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