top of page

US Retail Sales Defy Expectations, Hinting at Still Strong Tailwinds in Q423

US retail sales outperformed in November, rising 0.3% against an expected -0.1% drop. Excluding gasoline, the increase was 0.6%.

With consumers showing strong spending, especially during record Black Friday sales, it indicates a robust economic tailwind in Q4 2023.

The current news flow suggests that the Fed's rate cut expectations may be overly aggressive. Time for Fed to push back on yesterday's overreaction?


bottom of page