Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Weak US retail sales, factory data heighten recession concerns

Excluding gasoline and autos, retail sales fell 0.7% MoM

Bloomberg News

US retail sales fell by the most in a year and business equipment production slumped, raising concerns that the economy is losing momentum under the weight of tighter Federal Reserve policy. The value of overall retail purchases broadly decreased 1.1% in December after a downwardly revised 1% drop in the prior month, Commerce Department data […]

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