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10th Feb 2025 18:46USDaily Monitor

  • Headline retail sales were probably held back by a plunge in auto sales linked to supply-bottlenecks...
  • ...but underlying sales likely were strong again, as tariff threats encouraged pre-emptive purchases. 
  • Mr. Powell's Humphrey-Hawkins Testimony was unremarkable, but watch for post-CPI comments today.

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Keywords for: 12 February 2025 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence