Domino Effect:Higher Gasoline Prices Restrain U.S. Retail Sales In April

U.S. retail sales rose moderately in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.Stronger consumer spending supports economists’ expectations that the Federal Reserve will raise interest rates next month. The U.S. central bank lifted borrowing costs in March and has forecast at least two more rate hikes for this year. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.4 percent last month after increasing 0.5 percent in March. 

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Same thing before every summer...

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We don't get oil from Iran. Also, we are potential leader in world oil market for 2018... Why is it going up from week to week..

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Corporations take every chance they can to screw the workers of America, and that the government is flushing the poor and middle class down the toilet....

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