The Commerce Department reported November 2022 Retails Sales of -0.6% from prior month. The expectation was for -0.3%. The consumers are adjusting for bad times ahead and cutting back expenses. On Wednesday 12/14, the Federal Reserve increased interest rates by .5% as expected but their messages was they need to keep interest high for a longer time and need to increase rate up to 5.1% next year. The fear for recession increased. Markets down significantly Thursday and Friday as a result. On Thursday the Nasdaq dropped -360.36 or -3.2% finishing at 10810.53. On Friday it continued dropping to finish 10,705.41, down -105.2 or -0.97%.