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Retail sales trend is cooling


Retail sales rebound from January slump, but three-month average dips. Suggests slower consumer spending in Q1. PPI inflation picks up, led be energy. Underlying pressures also firm up, implying an upside risk to consumer prices. Jobless claims show the labor market remains tight. Business inventories flat.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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