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· by dbcurren.bsky.social ·1d ago · view on bsky.app ↗

1 BMO: After splurging last quarter, #American #consumers pulled back in July. #Retailsales unexpectedly fell 0.6%, and not just due to a reversal at #autodealers and #servicestations. Excluding the latter two categories, sales slipped 0.2%. 🧵

Table of US retail sales data for the last three months from BMO showing a slump of 0.6% in the headline figure.

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Table of US retail sales data for the last three months from BMO showing a slump of 0.6% in the headline figure.

#american #autodealers #consumers #retailsales #servicestations #usecon

1 comments — live from bluesky

Don Curren 🇨🇦🇺🇦 · 2 · 1d ago

2 BMO: #American #consumers took a breather last month, despite the tailwind from rising #equitymarkets. This, together with a weaker #jobsreport and subdued core #CPI #inflation, raise the odds of the #FOMC staying patient again in September.