Another Year of Christmas ‘Cold Feet’

By |2014-11-24T12:38:16-05:00November 24th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

If payrolls were indeed expanding at a robust clip, then we should be able to look forward to a Christmas retail season more like pre-crisis than anything of the past few years (especially last year). Of course, most initial indications of expectations for spending actually seemed favorable to such an outcome, which may not have been surprising either way since [...]