This web page has not been approved, sponsored, or otherwise permitted or endorsed by the companies represented herein. Each of the corporate logos represented herein are logos of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor’s Business Daily, Inc.; and Morningstar, Inc. The retail sales figures had been announced as the Fed hiked its key interest rate for the first time since 2018 in an effort to combat the very best stage of inflation within the United States in 4 decades. The retail sector has had a curler-coaster experience after the economy started reopening following the COVID-19 induced lockdown two years back. Last 12 months, gross sales have been uneven, with the vacation season being a dampener. The Commerce Department said on Mar 16 that retail sales grew zero.three% in February, after an upwardly revised 4.9% in January.
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