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“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
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Holiday Retail Sales
U.S. retail sales stalled in December, rising 0% from November and missing expectations, as bad weather, tariffs, and persistent inflation weighed on holiday shopping. Annual sales growth slowed to 2.4%, trailing inflation, with declines in several categories like furniture, clothing, and electronics. Higher-income consumers continued spending, while lower- and middle-income shoppers pulled back. Despite solid fourth-quarter GDP estimates, the weak retail data may lower growth forecasts. Other reports showed moderating wage growth and mixed import and export prices.
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