The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate. Excluding autos, sales rose a robust 1%, also against a 0.4% forecast. Both readings were the best monthly gains since January.

It seems as long as consumer spending remains strong the risk of recession is low despite the rapid Fed rate hikes.

  • fresh@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    It’s true that inflation presents an arbitrage opportunity, but I seriously doubt the average consumer is thinking with anything close to that level of sophistication. I mean, most consumers leave debt sitting on their credit card instead of paying it off when they can.