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Retail Sales Surge Higher Than Expected, Threatening to Ignite Inflation

U.S. shoppers eagerly reached for their wallets and credit cards in December, spending far more than expected, according to Commerce Department statistics on Wednesday. U.S. retail sales rose 0.6% from the previous month, well above expectations for a 0.2% increase. Compared to the previous year, sales increased by 4.8%. Sales of cars and trucks drove […]

Retail sales rise faster than expected in December

National Retail Federation CEO Matt Shea analyzes consumer spending and the retail industry as shoppers hit stores across the country for Black Friday. Americans picked up spending in December during the crucial holiday season, even though they still faced high interest rates and soaring prices for everyday goods. retail salesThe Commerce Department said Wednesday that […]

Kate Middleton hospitalized for surgery, expected to stay for up to 2 weeks

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Canada inflation expected to rise to 3.3% in December – FXStreet

share: Canada's consumer price index is expected to rise 3.3% year-on-year in December. The BoC has released its Business Outlook Survey (BOS). The Canadian dollar is at a four-week low against the US dollar. Canada is scheduled to release important inflation-related data on Tuesday. Statistics Canada will release the consumer price index (CPI) […]