Consumer Prices and Retail Sales Dip, Stirring Doubts on Economy

U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in 13 months, supporting views that the economy lost significant momentum in the first quarter.

But with the labor market near full employment, the decline in both sales and consumer prices is likely to be temporary and probably does not change expectations that the Federal Reserve will raise interest rates again in June…[READ MORE]

Source: Consumer prices and retail sales dip, stirring doubts on economy – CBS News

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