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  • US jobless claims, retail sales are 'recipe for a soft landing,' strategist says

    From youtube.com/yahoofinance

    US equities are posting their strongest positive reaction to retail sales data in six months as the July print indicated strength in consumer spending. Edward Jones senior investment strategist Angelo Kourkafas joins Catalysts to break down the print and whether investors can expect a looming recession. Kourkafas notes that the decline in initial jobless claims, alongside the strong retail sales report, was "exactly what was needed to put some of the recession fears to bed." He argues that these data points highlight a resilient consumer as inflation eases to the Federal Reserve's 2% target, ultimately creating a ...
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