Retail Sales Report Indicates An Inflation Story?
b'"The Retail Sales report could have been a lot worse. It indicates that consumer spending has grown less robust. Retail sales seemingly grew 8.4% year-over-year, but it feels like an inflation story," says Ted Rossman. "Retail sales taking out inflation are about flat to last year. Consumers spending on discretionary goods suggests that many people are OK financially. Apparel and grocery segments are both soft so some consumer sectors are probably suffering more than others," Sucharita Kodali adds.'