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The Fed Needs to Watch Out: US Retail Sales Surged in Late 2024 and Inflation Caught its Second Wind
Retail sales rose by 0.45% in December from November (+5.5% annualized), and November and October were revised higher – October from +0.46% to +0.56%, and November from +0.69% to +0.77% – and it’s on top of these upwardly revised sales that December sales grew by another 0.45%, all seasonally adjusted. The slow first half was followed by a blistering acceleration in the second half, particularly over the past four months. Not seasonally adjusted, December sales rose to a record of $794 billion. Ecommerce was a big winner; sales jumped 10.2% year-over-year to $156 billion, for a share of 19.6% of total retail ... (full story)
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- Posted: Jan 16, 2025 8:42pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,621
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