Last month's sales growth was below economists' projections, “but this was actually a strong report,” said Paul Ashworth, chief North American economist at Capital Economics.
U.S. retail sales rose modestly in December amid solid holiday shopping, boosting economy
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Paul Ashworth of Capital Economics notes that today's immigrants are highly likely to work and less likely to spend than native-born Americans, in part because they typically send money back to relatives in their home countries.
Donald Trump's economic plans would worsen inflation, experts say
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