The Commerce Department released a report on Tuesday showing U.S. retail sales decreased by more than expected in the month of May.The report said retail sales slid by 0.9 percent in May after edging down by a revised 0.1 percent in April.Economists had expected retail sales to decline by 0.6 percent compared to the 0.1 percent uptick originally reported for the previous month.Excluding a steep dr...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.