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Macro: Retail Sales for Aug Higher than Expectations
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Retail Sales 💡Summary: • August retail sales rose 0.6%, above Wall Street's estimates for 0.2% growth, and above last month's 0.5% in もっと見る
Retail Sales
💡Summary:
• August retail sales rose 0.6%, above Wall Street's estimates for 0.2% growth, and above last month's 0.5% increase.
• Year over year, prices rose 2.47%.

Nine of the 13 retail categories saw increases from a month ago. Sales of gasoline led all categories, shooting up 5.7% from July as the price for gas ticked higher throughout the month of August.
Excluding food and energy prices, retail prices jumped just 0.2% compared to 0.7% in July, and above expectations of 0.5%.

Why this matters:
Retail sales data tracks the value of consumer goods and services. It includes everything from groceries to clothing and electronics. Economists look at the PPI index as an indicator of consumer confidence and potential economic challenges.

Analysts chime in:  
"There is nothing in today's reports to prompt a Fed rates response next week, even though the labor market remains out of balance," said Christopher Rupkey, chief economist at FWDBONDS in New York told Reuters. "The economy is in a good place for now with moderate consumer demand that is not hot enough to bring inflation back to life."

Q:
How would you interpret the result?
Is this Bearish or Bullish for the Fed raising rates?
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