Retail Sales Jump By Most In Nearly Two Years ...Middle East

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Retail Sales Jump By Most In Nearly Two Years
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U.S. retail sales grew 3% M/M and 6.4% Y/Y in January, the fastest clip in nearly two years and a reversal from a two-month slump. The robust growth comes after another report that showed that U.S. inflation cooled slightly in January to 6.4% down from 6.5% in December, raising the specter that the Federal Reserve could continue increasing interest rates through summer.  That clip came at the high end of estimates provided by economists polled by Reuters, with the consensus forecast that sales would only increase 1.8%, with estimates ranging…

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