Wall Street firms cut their forecasts for U.S. economic growth in the first quarter of 2018 after a disappointing decline in retail sales in January. Morgan Stanley chopped its estimate for gross domestic product to 2.9% from 3.3%. Barclays and IHS trimmed their GDP estimates to 2.3% from 2.5%. And Bank of America Merrill Lynch lowered its target to 2% from 2.3%. Sales at U.S. retailers fell 0.2% in January, the biggest drop in almost a year.
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