The Commerce Department released a report on Tuesday showing retail sales in the U.S. were unexpectedly flat in the month of December.
The report said retail sales came in virtually unchanged in December after climbing by 0.6 percent in November. Economists had expected retail sales to rise by 0.4 percent.
"The December retail sales report shows that consumers paused their spending at the end of the holiday season after a strong spending spree in October and November," said Nationwide Chief Economist Kathy Bostjancic.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.