Cart

0

Economy

“US economy still resilient as retail sales beat expectations, layoffs stay low”

“U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start amid deep discounting, likely keeping the economy on a moderate growth path this quarter and further alleviating fears of a recession.

The rebound in retail sales reported by the Commerce Department on Thursday underscored consumers’ resilience, thanks to a strong labor market, and cast doubts on financial markets’ expectations for a rate cut as early as next March...”

https://finance.yahoo.com/news/us-retail-sales-unexpectedly-rebound-135051339.html

Don’t expect a rate cut. I mean personally I would love one as it would be good for the stock market and I’m invested in stocks. That being say I don’t expect any rate cuts.

Leave a Reply