Cold weather chills US retail sales in February ...Qatar

US retail sales fell more than expected in February amid bitterly cold weather across the country, but a rebound is likely as the government disburses another round of pandemic relief money to mostly lower- and middle-income households. Other data yesterday showed import prices increasing strongly last month, driven by rising commodity prices, bolstering expectations of higher inflation this year. Federal Reserve officials, who were due to start a two-day meeting later yesterday, are likely to shrug off the broad weakness in sales. “With healthier and warmer days nearing, and generous stimulus checks on their way, consumers are poised to shake off the winter chills,” said Lydia Boussour, le

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Cold weather chills US retail sales in February ...Qatar

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