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15th Jul 2015 08:06U.S., Economic Monitor

Whichever way you choose to slice the numbers, retail sales growth has slowed this year. Ex-gasoline, ex-autos, core, whatever, sales growth in year-over-year terms is notably weaker now than at the end of last year. It is equally, true, however, that after-tax incomes have risen at a robust pace--up 3.8% in the year to May, exactly the same pace as in the year to May 2014--so consumers in aggregate have plenty of cash to spend. So, what's holding people back at the mall? Why aren't they spending more?

retail sales yellen fed ppi growth prices ppi gasoline

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Keywords for: 15 July. 2015 Should We Worry About Slower Retail Sales Growth?

retail sales, yellen, fed, ppi, growth, prices, ppi, gasoline,