Retail sales data
Last week, the new retail sales data came in higher than estimate. This shows that last month’s holiday shopping was more than expected.
A continuous strong consumer spending could potentially fuel inflation again.
I don’t think the Fed will be so eager to cut rates soon
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
ISTJ : I don’t think it’s sustainable, it was a holiday shopping spike and expecting more layoffs this year.