US October retail report: consumer demand “still strong”

16 November 2022

 

Summary: US retail sales up 1.3% in October, greater than expected; annual growth rate slows from 8.6% to 8.3%; figures “point to still-strong consumer demand”; short-term Treasury bond yields up, longer term yields down; rate rise expectations firm slightly; rises in nine of thirteen retail categories; gas station segment largest single influence on month’s result. US retail sales had been trending up since late 2015 but, commencing in late 2018,...

read full story