US • Retail sales fell 3.0% month-on-month in February after gaining a revised 7.6% in January (up from an earlier 5.3% estimate). The decline was broad based but for two exceptions. o Sales were flat at food and beverage stores and increased at gas stations (3.6%). o The control measure, which excludes sales at food [...]
US • The Consumer Price Index rose 0.4% in February after climbing 0.3% the prior month. The result was in line with consensus expectations. o The energy component sprang 3.9% thanks in part to a 6.4% jump in the gasoline segment. o The cost of food, meanwhile, rose 0.2% on a 0.3% increase in the [...]
US • Nominal personal income spiked 10.0% in January as American households received the aid cheques included in the USD$900 billion stimulus package signed at the end of Donald Trump’s presidency. o Income derived from government transfers surged 52.6% to USD$5,734.1 billion (seasonally adjusted at annual rates) on a massive gain in the “other” transfer [...]
