Markets ignore strong US retail figures, rates fall

15 November 2018

 

Retail sales account for a large part of consumer spending, which itself is typically the largest segment of GDP in an advanced economy. Changes in retail sales have a large effect on GDP growth rates and thus they are of great interest to economists, policy makers and financial markets.  US retail sales have been trending up since late 2015. While there have been patches of weakness along the way, later...

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