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Chicago Fed projects US retail sales fell 0.3% in May

Chicago Fed projects US retail sales fell 0.3% in May

A seventh decline in nine months could strengthen the case for a more accommodative Federal Reserve stance, with potential implications for growth and investment markets.

Fact Check
The core numerical claim is directly confirmed by the primary government source. The official Chicago Fed CARTS current-data page reports retail & food services sales ex. auto at -0.3% and inflation-adjusted sales at -1.3%, exactly matching the figures in the claim and the cryptobriefing.com article. The 'seventh decline in nine months' descriptor is the secondary article's framing and could not be independently confirmed, but the headline assertion that the Chicago Fed projected a 0.3% retail sales decline for May is verified.
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verifying reliability

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