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Retail sales grew at a slower pace than Wall Street had expected in December as investors keep a close eye on the pace of economic growth amid questions over how quickly the Federal Reserve will cut interest rates.
Retail sales rose 0.4% in December. Economists had expected a 0.6% rise in spending, according to Bloomberg data. Meanwhile, retail sales in November were revised up to 0.8% from a prior reading that showed a 0.7% increase in the month, according to Census Bureau data.
December sale...
>>> Read more: December retail sales signal strong economic growth to end the year
Retail sales rose 0.4% in December. Economists had expected a 0.6% rise in spending, according to Bloomberg data. Meanwhile, retail sales in November were revised up to 0.8% from a prior reading that showed a 0.7% increase in the month, according to Census Bureau data.
December sale...
>>> Read more: December retail sales signal strong economic growth to end the year
