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September 01, 2020 10:18am
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Retail Sales Drop in December, But Economists Urge Calm

By: ETFdb
At a time when cases of the Omicron variant of COVID-19 are surging and inflation is rising at a rapid rate, the Commerce Department on Friday reported that retail sales dropped to $626.8 billion in December, down 1.9% from the previous month. This marks the first decline after four consecutive months of sales increases.
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