Higher prices? No problem – that seems to have been the attitude of America's relentless shoppers in the past few years. Will it continue? There are g
Economists expect US Retail Sales to have risen by 0.3% in September, slower than in August. But upbeat labor and inflation figures for last month imply an upside surprise is possible. The US Dollar may spike in response to the data, at least while Mid-East tensions persist. ood reasons to expect upcoming data to show robust consumption, and consequent US Dollar strength. Here is a preview of the US Retail Sales report for September, due on Tuesday at 12:30 GMT.
This seems inconsistent with these robust figures for last month. Cautious estimates for last month also seem unconvincing with the broad post-pandemic trend. Consumption has accelerated, as shown in the chart below from the St Louis Fed, which shows the dip that accompanied Covid followed by a strong uptrend. Personal Consumption Expenditures. Source: Saint Louis Fed.
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