Retail sales rose at healthy pace last month in latest sign of US economy's health
- Retail sales rose 0.7% in November, according to the Commerce Department.
- The increase in spending indicates the economy is growing at a healthy pace despite higher interest rates.
- This trend may lead the Federal Reserve to lower borrowing costs more slowly next year.
- Consumers increased their spending at retail stores, boosting the economy during the winter holiday shopping season.
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Coverage Details
Total News Sources0
Leaning Left13Leaning Right11Center13Last UpdatedBias Distribution35% Left, 35% Center
Bias Distribution
- 35% of the sources lean Left, 35% of the sources are Center
35% Center
L 35%
C 35%
R 30%
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