Retail sales rise as job market remains strong. But is inflation slowing down?

Retail sales increased 0.4% in April from March when it was down 0.7%. It marked the first increase since January when unusually warm weather and a big jump in Social Security benefits likely spurred more spending.

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'Inflation is cooling': Grocery costs slow, curbing stubbornly high consumer prices

Inflation slowed for a tenth straight month in April as another drop in grocery bills offset a rebound in gasoline costs, providing some relief to Americans squeezed by a two-year run-up in prices.

US weekly jobless claims hit 1-1/2-year high; producer inflation cooling

WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits jumped to a 1-1/2-year high last week, pointing to widening cracks in the labor market, which together with subsiding inflation could allow the Federal Reserve to halt further interest rate increases next month.