US Retail Sales Unexpectedly Stalled to Close Holiday Season
US retail sales unexpectedly stalled in December, suggesting consumers provided less firepower for the economy as the year drew to a close. The disappointing figures indicate the burst of activity...
By Bloomberg Markets · Bloomberg Markets
US retail sales unexpectedly stalled in December, suggesting consumers provided less firepower for the economy as the year drew to a close. The disappointing figures indicate the burst of activity at the start of the holiday-shopping season proved to be short-lived. Households remain frustrated over a high cost of living and worried about the job market. Elizabeth Renter, Senior Economist at NerdWallet, joined Bloomberg Businessweek Daily on Tuesday’s retail sales print from December and Wednesday’s nonfarm payrolls report for January. (Source: Bloomberg)