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Retail sales rose a strong 0.9% in May for a fourth straight monthly gain, but economists warn the spring's tax-refund cushion is fading. Inflation hit a three-year high, the force behind the Fed's hawkish turn, and the SBA's enhanced 90% Grocery Guarantee delivered its first $30M to food retailers.
By MainStreet MediaRetail sales rose a strong 0.9% in May for a fourth straight monthly gain, but economists warn the spring's tax-refund cushion is fading. Inflation hit a three-year high, the force behind the Fed's hawkish turn, and the SBA's enhanced 90% Grocery Guarantee delivered its first $30M to food retailers.