Posted on 09/15/2016 12:52:31 PM PDT by BenLurkin
Sales were almost broadly weak, rising in only four categories, including clothing stores and restaurants and bars. Receipts at auto dealerships fell 0.9 percent and online sales, whose share has grown in recent years, dropped 0.3 percent.
The Fed will hold its policy meeting next Tuesday and Wednesday. Fed Governor Lael Brainard said on Monday she wanted to see stronger consumer spending data and signs of rising inflation before hiking rates.
The U.S. central bank raised its benchmark overnight interest rate at the end of last year for the first time in nearly a decade, but has held it steady since amid concerns over persistently low inflation.
Financial markets are pricing in a roughly 12 percent probability of a rate hike next week, down from 15 percent before the data, according to the CME FedWatch tool. September rate hike probabilities have been declining since early this month in the wake of a slowdown in job growth in August.
(Excerpt) Read more at reuters.com ...
No worries, Dow is up 188 points
And unemployment is zero.
But i’m not gonna put 401k into safe haven if Trump wins, though i think it will take a temporary hit. Since I wont be retiring for another 20 years, temporary could mean 2 years.
Then it will go up again. With revenue and numbers backing it.
Although many companies’ spreadsheets are quite good.
It’s a great big world to sell to out there.
ping
We are overdue for a correction. October would be perfect timing but Trump may just win anyway. Part of me says it should happen so that Obama/Hillary can ‘explain’ why it’s not them and their policies.
Long overdue.
We are overdue for a correction of at least 10-15% very similar to last year, a larger cyclical correction of at least 20% that usually occurs every several years. Last large market correction...2008. Correction before this was 2000 to 2001.
Guess our, “magic negro” hasn’t been able to work much of his magic on the economy in 8 freaken years.
A big fail mr obammy, a big fail.
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