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The Numbers

US Retail Sales Slip On Tariff Payback, Jobs Data Steady

by Felix-Antoine Vezina-Poirier, Chief Strategist  

April retail sales slowed, but signs of resilience in discretionary spending and labor data suggest US consumers are holding up. Headline retail sales rose 0.1% m/m, above expectations but decelerating from the upwardly revised 1.7% March gain. Core sales…

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