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16min chapter
US Retail Sales Rise by Most in Three Months
Bloomberg Businessweek
US Retail Sales Report and Implications for Rate Cuts
The chapter analyzes the recent US retail sales report, highlighting strong underlying numbers excluding autos and gasoline, indicating a stable economic situation. The discussion focuses on the implications of the retail sales data on potential rate cuts by the Federal Reserve, leaning towards a rate cut in September. Additional topics include challenges with inflation, quarterly results of big banks like Morgan Stanley and Bank of America, and concerns about the banking sector and economic recovery.
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