 Retail sales were unchanged after being revised upward to a 0.3% increase in May, according to the Commerce Department, but the data showed consumers are spending more and getting less. Fed Reserve Chair Jerome Powell said this week that the central bank's becoming more convinced that inflation is headed back toward its 2% target, and said the bank would cut rates before the pace of price increases actually reach that point, making the comments in a Q&A session at the Economic Club of Washington.