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US retail sales coming up next: Is bad news still good news?

US retail sales coming up next: Is bad news still good news?

For the past few months there's been an unambiguous trend in markets where bad news was seen as good news because it meant a cap on Fed rates. We're coming to the end of that trend.

Instead, the market will grow increasingly concerned about a hard landing in the economy and will want to see evidence of resilience.

The cooler CPI report last week marks the beginning of that trend but it will take some time to fully materialize. A good test comes with today's US retail sales report... Read More

Posted: Nov 16 2022, 13:11
Author Name: forexlive
Views: 111556

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