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Economy Shows Signs of Cooling as Bank Troubles Spread
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A drop in retail sales and easing price pressures in February offered preliminary signs of a cooling economy as the spread of financial turmoil on Wall Street called into question whether the Federal Reserve would continue raising interest rates.
The central bank’s focus in recent days has shifted from economic readings to stresses in the financial system, including a drop in liquidity in U.S. Treasurys amid the fallout after the collapse of Silicon Valley Bank.
Read more on wsj.comAbout this in other media
Economy Shows Signs of Cooling as Bank Troubles Spread wsj.com /1 year ago
Economy Shows Signs of Cooling as Bank Troubles Spread wsj.com /1 year ago
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