Banking crisis overshadowed the data, but inflation remains persistently elevated: Weekly Economic Review & Outlook
Nationwide Financial
MARCH 22, 2023
The stresses in the banking system and ripple effects in the financial markets even overshadowed the incoming inflation data. Retail sales decline in wake of January’s spending spree January’s explosion in retail sales appears to be an outlier, but the level of sales is still high. Retail sales declined 0.4
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