Retail sales in the U.S. showed a substantial rebound in the month of January, according to a report released by the Commerce Department on Wednesday.The Commerce Department said retail sales soared by 3.8 percent in January after plunging by a revised 2.5 percent in December.Economists had expected retail sales to jump by 2.0 percent compared to the 1.9 percent slump originally reported for the p...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.