Adjusted for inflation, retail sales and food services declined 1.6% in August at an annualized rate. But despite more than three years of flatness, it's still above its pre-pandemic trend:
In March 2021 there was a sudden spike in retail sales, and that level has been maintained for more than three years. But what happens next?
Need a half point rate cut tomorrow to keep those cash registers humming
I'd like to see that, and I think it's appropriate, but given the Fed's cautious nature, I'm betting on a quarter point.
agreed but I think England did a half point cut earlier this year and inflation didn't rise. seems like the Fed is always a day late and dollar short