Fed to Raise Rates Despite March’s Retail Sales Drop
Wall Street Journal
Despite a slowdown in retail sales in March, first-quarter consumption could still be high enough to persuade the Federal Reserve to raise interest rates by a final 25 basis points in early May, Paul Ashworth, chief U.S. economist at Capital Economics, writes in a note.
https://www.wsj.com/articles/fed-to-raise-rates-despite-marchs-retail-sales-drop-a527b4d0