Posted on 07/16/2019 10:18:43 AM PDT by SeekAndFind
U.S. retail sales rose at a faster-than-estimated pace last month, data indicated Tuesday, showing that consumers remain sanguine enough to maintain spending despite investor concern that the economy might be slowing.
Retail sales rose by 0.4% in June, the Commerce Department said in a statement, the four consecutive monthly gain. Economists had estimated a 0.1% gain during the month as the impact of newly-applied tariffs on China-made goods heading into the United States took hold.
Retails sales excluding motor vehicles and parts, which can swing significantly from month to month, were also up by 0.4% on the month, higher than analysts' estimates for a 0.1% increase.
The report shows that consumers remain buoyant, in a positive sign for President Donald Trump's economy.
Yet due to the topsy turvy logic of financial markets, the report might not cheer investors, since it may reduce the likelihood of Federal Reserve interest-rate cuts over the rest of this year.
Futures markets reflect a near-certainty that the Fed, led by Chair Jerome Powell, will cut interest rates by at least a quarter percentage point at their next meeting, scheduled for July 30-31.
Official U.S. interest rates are currently set in a range of 2.25% to 2.5%, already considered low by historical standards.
(Excerpt) Read more at thestreet.com ...
Unexpected!
*Drink*
That is a huge boost to the economy. With that I don’t see how the economy could go into recession before the election.
Sales rose.
What about margins, revenues....?
Winning.
Commerce and NRF report June retail sales gains
...but I'd like to see the actual report.
It might be, but the devil is in the details, and I’d like to see the details before I break out the happy dance...
I’m wondering if this unexpected great news is out there to influence/persuade the Fed against a rate cut.
“What about margins, revenues....?”
since you seem so concerned about it, why don’t you find out and let the rest of us know instead of just spewing FUD?
Re: July Sales
I just bought a new all electric lawnmower. I am waiting to charge the battery to mow. But...... it has lots of new and innovative features to make the mowing task easier. The word is I believe ergonomically attractive
I’m getting old and the very task of pulling the cord got to be overwhelmning
Dow and S&P at record levels so it was in effect free. Thanks President Trump
When you can keep a civil tongue in your head, so to speak, I’ll be happy to converse with you.
> I’m wondering if this unexpected great news is out there to influence/persuade the Fed against a rate cut. <
That was actually my first thought.
'Impressive' June retail sales beat records, show 'consumer remains engaged'
I helped. Lol. Back to school shopping for the grandkids. And those kids aren’t cheap. Got a heckuva deal on a new Valentino handbag for me. Going again this Friday. Have one more grandkid to shop for.
Trump’s fault.
Dow and S&P at record levels...
Good signs and most Americans recognize that.
More so for the S&P.
Go Trump!!!
“When you can keep a civil tongue in your head, so to speak, I’ll be happy to converse with you.”
so, in other words, you are unable to point to anything that is actually true in whats-his-name’s ridiculous lawsuit ...
Yep - especially since President Trump brow-beat the Fed to stop toying with what it tends to periodically break so it can “fix” it again and claim credit but eschew blame....
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