U.S. retail sales flat in April amid high inflation, interest rates, and declining consumer sentiment.

U.S. retail sales remained flat in April, unexpectedly stalling despite a 0.6% increase in March, as high inflation and increased interest rates caused consumers to curtail spending. This indicates a slowing momentum in consumer spending. Despite a strong job market, consumer sentiment is at a six-month low, with rising inflation and interest rates being the primary concerns.