NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA releases research examining May 2022 retail sales. This month’s commentary discusses the trend of slowing retail sales growth since the start of the year amid an environment of persistently high inflation. The report also examines upward revisions to the Federal Reserve’s rate forecast included in its June 15 quarterly summary of economic projections, which signals a growing consensus that larger rate hikes may be needed to quell inflation than had previously been anticipated.
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- March Retail Sales Lagged Inflation YoY; Higher Prices, Rising Rates May Slow Spending
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