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Retail sales stall after latest wave of stimulus spending

Retail sales stall after latest wave of stimulus spending

Retail sales stall after latest wave of stimulus spending

(Bloomberg)—U.S. retail sales stalled in April following a sharp advance in the prior month when pandemic-relief checks provided millions of Americans with increased spending power. The value of overall retail purchases was essentially unchanged last month following an upwardly revised 10.7% gain in March that was the second-largest in records back to 1992, Commerce Department […]

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