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Retail sales decline in August

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?

3 thoughts on “Retail sales decline in August

      1. gibba-mang

        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

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