Retail Sales Jump Suggests Wealth Effect From The Stock Market
Uncategorized |
19 Dec, 2025 |
Published
Retail Sales came in better-than-expected at +0.60% in the latest month. Economists had expected only a gain of 0.10%. This data does not point to the consumer struggling, contrary to what economists expected. The likely culprit of this surge in consumer spending is the stock market. Note how in May...