A report released by the Commerce Department on Wednesday showed a steep drop in U.S. retail sales in the month of December.The Commerce Department said retail sales tumbled by 1.1 percent in December after slumping by a revised 1.0 percent in November.Economists had expected retail sales to decrease by 0.8 percent compared to the 0.6 percent drop originally reported for the previous month.Andrew ...
For comments and feedback contact: editorial@rttnews.com
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.