Ticker: Retail sales flat in December; Commerce Secretary confirms Epstein meets

Shoppers unexpectedly paused their spending in December from November, closing out the holiday shopping season and the year on a lackluster tone.

The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth despite mounting concerns about slowing job growth, uncertainty about President Donald Trump’s tariffs and other economic headwinds.

The report raised questions about shoppers’ ability to spend after they have remained resilient for months despite souring consumer confidence, economists said.

Retail sales were flat in December from November, when business was up 0.6%, according to the Commerce Department. Economists were expecting a 0.4% increase for December.

Commerce Secretary confirms Epstein meets

Commerce Secretary Howard Lutnick acknowledged that he met with Jeffrey Epstein twice after the late financier’s 2008 conviction for soliciting prostitution from a child, reversing Lutnick’s previous claim that he had cut ties with him after 2005.

During a subcommittee hearing of the Senate Appropriations Committee, Lutnick described their contact as a handful of emails and a pair of meetings that were years apart.

“I did not have any relationship with him. I barely had anything to do with him,” Lutnick told lawmakers.

But Lutnick is facing growing scrutiny from lawmakers after the release of case files on Epstein contradicted Lutnick’s previous claims that he had decided to “never be in the room” with Epstein again after a 2005 tour of Epstein’s home.

Lutnick told senators Tuesday that he and his family actually had lunch with Epstein on his private island in 2012 and he had another hour-long engagement at Epstein’s home in 2011.

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