Retail sales numbers add to caution ahead of the FOMC
Wednesday 16th June 2021The FOMC meeting is just a day away are markets are being cautious, with little movements in bonds or equities. A weaker than expected set of retail sales numbers has added to the uncertainty. But is there any uncertainty around what the FOMC will say. NAB’s Tapas Strickland says under the hood the retail numbers had some positives, including more evidence of the rotation from goods to services. We also look at the rising price of oil, and the fall in other commodities. Coming up, other than the FOMC meeting, we’ll see China’s retail sales numbers, CPI for the UK and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.