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  • US Retail Sales Unexpectedly Rise After Drop in Prior Month

    From bloomberg.com

    US retail sales unexpectedly rose in August after declining a month earlier, as the underlying picture of spending proved more mixed. The value of overall retail purchases increased 0.3% last month after a downwardly revised 0.4% drop in July, Commerce Department data showed Thursday. Excluding gasoline, retail sales were up 0.8%. The figures aren’t adjusted for inflation. The median estimate in a Bloomberg survey of economists called for a 0.1% drop in retail sales. Eight of 13 retail categories grew last month, according to the report, including a surge in sales at auto dealers. Purchases at furniture stores, ... (full story)

Added at 8:43am

  • Core Retail Sales Disappoints In August, July Revised Down

    From zerohedge.com

    While consensus expected a 0.1% drop in headline retail sales in August, BofA was more optimistic (due to inflation - remember retail sales data is 'notional' not 'real')... table BofA was correct on the headline retail sales print - which rose 0.3% MoM - but we note that July was revised down to a 0.4% drop (from unchanged initial print) But core (Ex-Autos) tumbled 0.3% MoM (against expectations of unch) and Ex-Autos and Gas also disappointed (+0.3% MoM vs +0.5% MoM exp)... Once again, all these numbers need to be adjusted for inflation - which surprised to the upside in August - and that suggests demand pressures ... (full story)

Overall good. Now buy USD. Besides 100 bps rate hike is on the table for the upcoming FOMC meeting.
Prior month US Retail Sales revised significantly lower (-0.4%) from original 0% so Q3 US Retail Sales is now -0.1%. Also the Control Group - which feeds through to GDP - was very disappointing. Against expectations of a 0.5% MoM rise, it was unchanged in September.
very good data ...... why unexpected are you a US government? ... World are still needed USD strong, at least to support EU and Ukraine and in fact USD is strong ... so you can guess which side wants the USD to weaken by spreading misleading rumors
All my analysis is based on Wyckoff Methods
Sales going up in the face of inflation? Why is that?

Simple: People KNOW that prices are going to go up in the future so you buy non-disposable items NOW to get the better price. So demand hasn't slowed in spite of (3) 0.75% interest rate hikes! More hikes to come so what will the USA consumer do?

More importantly is this - what will businesses do? Pass along their costs? There is a word for this:

STAGFLATION! Coming to a US state in 2023!
...because you never know - until you do!
why all of you not sell rubble ....better make your own country and live in peace there... trade your own currency
All my analysis is based on Wyckoff Methods
Quoting fxsport
Sales going up in the face of inflation? Why is that? Simple: People KNOW that prices are going to go up in the future so you buy non-disposable items NOW to get the better price. So demand hasn't slowed in spite of (3) 0.75% interest rate hikes! More hikes to come so what will the USA consumer do? More importantly is this - what will businesses do? Pass along their costs? There is a word for this: STAGFLATION! Coming to a US state in 2023!
I recently went out to eat with my family. The food was good, but the portion was pathetic for the price paid. I don't think I will be eating out anymore if things are going to be like this!
You don't know because you don't ask.
Quoting here2there
{quote} I recently went out to eat with my family. The food was good, but the portion was pathetic for the price paid. I don't think I will be eating out anymore if things are going to be like this!
people have been doing this for a while. they either will A. up their prices or b. give you smaller portions than before and keep the prices the same. Its just being publicized more no because of the economy around the globe.
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