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CIBC: Summer sizzle in retail sales defies expectations: what's next for the US consumer
In a surprising twist, the US retail sales for August have left market expectations in the dust, showcasing a resilient consumer base keen to keep the summer spending vibe rolling. But CIBC hints that the party might not last long. Here’s what you need to know.Key Highlights:Beating the Odds: Despite consensus expecting a modest 0.1% month-on-month rise, August retail sales grew at a robust 0.6%. Even the control group, a critical component affecting GDP, showed a 0.1% uptick versus an anticipat...
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Posted: Sep 14 2023, 18:53
Author Name: forexlive
Views: 112517