Latest / Markets with Megan: A Quick Financial Markets Update
047: Recent Retail Sales Report 09-15-23
Megan dives into the recent retail sales report and unpacks its surprising insights.
While the headline number showed a significant monthly jump, driven by rising energy prices and spending at gas stations, Megan uncovers a different story when you exclude volatile items like gasoline, energy, autos, and building materials. The underlying data reveals a modest increase of only about a tenth for the month, following a downward revision from the previous month.
Megan looks more closely at specific sectors, noting a drop in furniture sales and mixed results for back-to-school items like clothing…
The skinny
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