US Retail Sales Ex Gas/Autos MoM (Apr) M/M 0.5% (Prev. 0.6%)
Context
US retail sales excluding gas and autos rose by 0.5% month-over-month in April, slightly lower than the previous month's 0.6%. This modest deceleration could suggest a potential easing in consumer spending momentum, which may influence outlooks on growth and monetary policy moving forward. Markets might perceive this as a signal of a more cautious consumer, possibly impacting expectations for future rate hikes.
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