Research Brief: Stimulus Drives Retail Sales Surge in January
Stimulus Leads to Broad-Based Jump in January Retail Sales
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| Consumers return with new government cash. Spending in every major sector improved in January, lifting core retail sales 6.1 percent from December and 7.6 percent from one year ago. The arrival of $600 stimulus checks to millions of Americans early last month was the primary catalyst for the jump. Shoppers reversed three consecutive months of… |
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