Retail sales up 0.6% in November after being flat in October; control group up 0.4% (down from 0.6% revised lower)

PPI increased 0.2% in November; core PPI up 0.2% monthly and 3.5% annually - largest 12-month increase since March

Based on PPI annual figures and strong retail sales, the Fed won't be cutting interest rates anytime soon and inflation remains persistent

January meeting already signaled no cuts; this data confirms that stance

Detailed retail breakdown: motor vehicles +1%, furniture -0.1%, building materials +1.3%, groceries +0.1%, gasoline +1.4%, clothing +0.9%, department stores -2.9%