A Turnaround for U.S. Quits Rate; Eyes on Fed's -2-

Australian retail sales slumped in December, with falls seen in all major categories, highlighting the intense strain on household budgets as interest rates remain elevated and inflation continues to drive up the cost of essential items. Retail turnover fell 2.7% in December from November, beating the 1.0% fall expected by economists, the Australian Bureau of Statistics said Tuesday. (DJN) Feedback Loop

This newsletter is compiled by James Christie in San Francisco.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

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01-30-24 0801ET