U.S. retail sales fell more than expected in November, likely weighed down by raging new COVID-19 infections and decreasing household income, adding to growing signs of a slowdown in the economy’s recovery from the pandemic recession.

The second straight monthly decline in retail sales reported by the Commerce Department on Wednesday could nudge Congress to agree on another fiscal stimulus package. Still, economists say more money from the government and the rollout of coronavirus vaccines would probably not stop the economy from sharply slowing down and even contracting in the first quarter of 2021.

Join BJL on WhatsApp Status: Click here to Join BJL status for engagements, births, deals, levayos, events & more

Join BJL on WhatsApp Groups: Click here to Join an official BJL WhatsApp group for breaking news as it happens

News of the weak start to the holiday shopping season came as Federal Reserve officials were wrapping up a two-day policy meeting. The U.S. central bank is expected to keep its benchmark overnight interest rate near zero and deliver a playbook for what might prompt the Fed to pump more money into the economy.

Join BJL on WhatsApp Status: Click here to Join BJL status for engagements, births, deals, levayos, events & more

Join BJL on WhatsApp Groups: Click here to Join an official BJL WhatsApp group for breaking news as it happens

“The economy is hitting a very rough patch,” said Gus Faucher, chief economist at PNC Financial in Pittsburgh, Pennsylvania. “Although widespread vaccine distribution will support stronger economic growth by mid-2020, conditions will remain soft until then.”

Read more at NEWSMAX.