British Retail Sales Dropped More Than Expected In March — And It Is A Worrying Sign For The Economy


Its U.S. counterpart, the Federal Reserve, has already halted bond purchases and has increased interest rates seven times since late 2015. Its latest move came Wednesday, when it raised its benchmark rate by another quarter of a percentage point and indicated two more increases may come this year because of the improving economy. Higher rates can stave off inflation, but they also can hinder economic growth.

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Source : http://www.latimes.com/business/la-fi-financial-markets-20180614-story.html

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