Monday, June 20, 2016

Strong Retail Sales Signal a Better Economic Outlook

This era of diminished expectations can only make us doubly grateful for the occasional blast of upbeat news.

The spring awakening in April’s retail sales didn’t go dormant in May. As reported last Tuesday, not only did May retail sales rise at a healthy rate, but key parts of April’s surge were also revised up. The back-to-back boost augurs well for economic growth in the April-June quarter.. . . more

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