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.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.