WS #14111
Holding: newest synthesis is 82d 3h old
July retail sales fell 0.6% m/m and UMich consumer confidence dropped 7.6%, raising stagflation concerns and supporting a Fed hold, pressuring equities while oil prices rise.
Weak US consumer data and stagflation risk
July retail sales fell 0.6% m/m and UMich consumer confidence dropped 7.6%, raising stagflation concerns and supporting a Fed hold, pressuring equities while oil prices rise.