Retail Sales Top Predictions, Ending 2023 Strong
- 4 months ago
Retail Sales Top Predictions, , Ending 2023 Strong.
Yahoo Finance reports that December's retail sales showed
consumer spending in the United States continues to be
resilient, quelling fears of stalled economic growth.
According to Census Bureau data,
retail sales grew 0.6% in December. .
Previous 'Bloomberg' data
led economists to forecast a more
modest 0.4% increase for the month. .
In November, retail sales posted
another surprise 0.3% increase. .
Retail sales beat expectations
yet again in December, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
Consumers were willing to spend
during the holidays and will remain
inclined to do so as long as real
income gains more than offset
the drag from elevated interest
rates and tight lending standards, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
We think this narrative
will persist in early 2024
but then lose steam as the
job market deteriorates, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
Yahoo Finance reports that nine of the
13 categories tracked in the Census Bureau
data saw month-over-month increases.
The December report will be scrutinized by investors
looking for the U.S. economy to pull off a "soft landing,"
where inflation falls without a major recession.
According to Christopher Waller, a member of the
Fed's Board of Governors, economic activity and labor markets are in "good shape," a sentiment backed by
Morgan Stanley chief economist Ellen Zentner. .
According to Christopher Waller, a member of the
Fed's Board of Governors, economic activity and labor markets are in "good shape," a sentiment backed by
Morgan Stanley chief economist Ellen Zentner. .
The beat on control retail sales
supports Governor Waller's recent
remarks the economy is strong
enough that the Fed can remain
patient in determining its next move. , Ellen Zentner, Morgan Stanley chief economist, via Yahoo Finance
Yahoo Finance reports that December's retail sales showed
consumer spending in the United States continues to be
resilient, quelling fears of stalled economic growth.
According to Census Bureau data,
retail sales grew 0.6% in December. .
Previous 'Bloomberg' data
led economists to forecast a more
modest 0.4% increase for the month. .
In November, retail sales posted
another surprise 0.3% increase. .
Retail sales beat expectations
yet again in December, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
Consumers were willing to spend
during the holidays and will remain
inclined to do so as long as real
income gains more than offset
the drag from elevated interest
rates and tight lending standards, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
We think this narrative
will persist in early 2024
but then lose steam as the
job market deteriorates, Oren Klachkin, Nationwide financial
markets economist, via Yahoo Finance.
Yahoo Finance reports that nine of the
13 categories tracked in the Census Bureau
data saw month-over-month increases.
The December report will be scrutinized by investors
looking for the U.S. economy to pull off a "soft landing,"
where inflation falls without a major recession.
According to Christopher Waller, a member of the
Fed's Board of Governors, economic activity and labor markets are in "good shape," a sentiment backed by
Morgan Stanley chief economist Ellen Zentner. .
According to Christopher Waller, a member of the
Fed's Board of Governors, economic activity and labor markets are in "good shape," a sentiment backed by
Morgan Stanley chief economist Ellen Zentner. .
The beat on control retail sales
supports Governor Waller's recent
remarks the economy is strong
enough that the Fed can remain
patient in determining its next move. , Ellen Zentner, Morgan Stanley chief economist, via Yahoo Finance