Retail sales this past holiday season were slightly worse than economists expected. jdlahart explains what may have contributed to the slip. WSJWhatsNow
Shifts toward earlier holiday shopping, and toward services spending over goods, gave retailers a December to forget
In 2021, officials thought high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected. Illustration: Jacob ReynoldsThe Commerce Department on Wednesday reported that in December from November, against economists’ expectations of a 1% decline. Worse, November’s sales figures were revised lower, and now show a 1% drop from a month earlier versus a previously reported 0.6% decline.
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