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Retail Sales Leap By Nearly 18%; Powell Begins Testimony To Congress

Retail sales beat economists predictions by more than double, rising nearly 18% in May after falling 15% in April. Meanwhile, Federal Reserve Chairman Jerome Powell is testifying Tuesday and Wednesday before Congress.

Here & Now‘s Jeremy Hobson talks to Roben Farzad, host of Public Radio’s Full Disclosure at member station VPM.

This article was originally published on WBUR.org.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

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