WS #14079
July retail sales fell 0.6% vs +0.1% expected, and UMich sentiment slumped to 51.0, raising stagflation fears and supporting a Fed pause, pressuring consumer discretionary and lifting bond prices.
US macro data: weak retail sales and consumer sentiment
July retail sales fell 0.6% vs +0.1% expected, and UMich sentiment slumped to 51.0, raising stagflation fears and supporting a Fed pause, pressuring consumer discretionary and lifting bond prices.