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Weak US retail sales, consumer prices put spotlight on Fed

Softening in domestic demand could limit Fed's ability to continue raising interest rates this year

Consumer spending accounts for more than two-thirds of the US economy and last month's weak core retail sales reading could temper expectations for a sharp acceleration in economic growth in the second quarter.


US retail sales in May recorded their biggest drop in 16 months and consumer prices unexpectedly fell, suggesting a softening in domestic demand that could limit the Federal Reserve's ability to continue raising interest rates this year.

The Fed is expected to increase

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