Print this page
Friday, 13 September 2019 12:54

The Fed Could Get Even More Dovish

Written by
Rate this item
(1 Vote)

(Washington)

If higher inflation could be a headwind to rate cuts by the Fed, then there is new data today that could prove a tailwind. New figures show that retail spending was significantly weaker in August than in past months. The data showed that core retail spending stagnated after several months of strong expansion. The data is crucial because consumer spending, and American consumer health generally, has been a bedrock of the economy.


FINSUM: The American consumer has been keeping the economy afloat despite a lot of negative signs around the margins. This could either be a blip or the start of a worrying trend.

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…