Neither US Retail Nor Industry Ended 2019 In A Good Place

By |2020-01-17T16:26:33-05:00January 17th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

US retail sales were disappointing in December 2019, though it depends upon your perspective for what that means. Unadjusted, total retail sales were 6.01% more last month than the same month of the prior year. It was the highest year-over-year growth rate since October 2018. The reason was entirely due to base effects. You might remember Christmas 2018 for its [...]