US retail spending up in August, “not falling in any significant way”

Summary: US retail sales up 0.3% in August, more than expected; July figure revised down; spending “not falling in any significant way”; US short-term Treasury bond yields up, rate rise expectations harden; rises in eight of thirteen retail categories; “motor vehicles/parts dealers” segment largest single influence on month’s result. US retail sales had been trending up since late 2015 but, commencing in late 2018, a series of weak or negative...

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