Below is today's "Chart of the Day" and a brief excerpt from the Early Look written by Director of Research Daryl Jones.
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As you know, the combination of decelerating inflation and slowing growth equates to #Quad4. This week's inflation data confirmed a slowing of inflation (for now!). The Retail Sales report later this morning will be an important indicator of growth. Yesterday's Michigan Consumer Sentiment slowed to an eight-month low, which may well be a good leading indicator ahead of Retail Sales. |
