A series of grim official data released just ahead of Thanksgiving has deepened concerns about the health of the world’s largest economy, ratcheting up pressure on President Donald Trump.
Signs of weakness in retail sales and consumer confidence released on Tuesday suggest Americans are pulling back on spending amid an affordability crisis that is causing ructions in Washington.
US retail sales rose by just 0.2 per cent in September to $733.3bn, according to the US Census Bureau, missing Wall Street expectations and slowing sharply after months of acceleration.
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