Service Sector Stumbles: DAL Fed Signals Trouble as Retail Takes a Dive…

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The Dallas Federal Reserve’s somber report reveals a slight contraction in the service sector in January. Retail, in particular, nosedives with the fastest sales drop since April ’20, casting a shadow on the overall health of the economy. The modest employment gains in non-retail services provide only marginal relief, painting a worrisome picture for the months ahead.

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