Economy rebounding but maybe more muted after retail sales, consumer inflation

April’s slightly weaker-than-expected retail sales and sluggish core consumer inflation dampened expectations for a big economic rebound, but won’t deter the Fed from raising rates. The data do show the first quarter’s tepid 0.7 percent growth was transitory but, on the other hand, does not support an outsized jump in second-quarter growth.

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Source: CNBC

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