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Likes ReceivedUS 'Scary Data' Released
The US just released its December retail sales data. The market expectation was 0.4%, but the actual release was 0%.
This consumer spending seems a bit sluggish. This is quite important for a consumption-driven country like the US.
It will affect the economy and inflation, and is favorable for interest rate cuts. We can also see that US Treasury yields have declined after the data was released.
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