Economy Blues: Retail Sales Fall, Fed Raises Interest Rate by Historic .75 Percentage Point
And, in the it-can’t-get-any-worse department, it just got worse. Retail sales fell a seasonally adjusted 0.3 percent in May from the previous month, the Commerce Department said Wednesday, the same day the Federal Reserve raised its interest rate by .75 of a percentage point, its biggest rise since 1994.
Source: https://redstate.com/bobhoge/2022/06/16/economy-blues-retail-sales-fall-fed-raises-interest-rate-by-historic-75-percentage-point-n579327
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