I'm confused... numbers show red on the news page, news are published saying numbers were good. Now more news are being published saying numbers disappoints. EUR falling heavy. How did this trade work out for you guys?
Retail Sales Disappoints, Tests Recessionary Waters Ahead Of Fed Meeting
Following our warning that both Gallup's and BofAML's indications of retail sales were sliding to multi-month lows, it should come as no surprise that retail sales in August disappointed printing +0.2% MoM (missing +0.3% expectations), with ex-autos (0.1%, Exp. 0.2%) and ex autos and gas (0.3%, Exp. 0.4%) also missing. This dragged the YoY retail sales change down to a recession-looming +1.6% print. Ironically, while most headline data missed, the GDP-dependent 'control group' rose a fraction more than expected (+0.4% vs +0.3%). Since this is the last major data point before The Fed's big decision, it would appear ... (full story)