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\u2019s 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\u2019ll see China\u2019s retail sales numbers, CPI for the UK and Canada and New Zealand\u2019s balance of payments and current account.
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