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A soft retail sales report usually sounds bearish for the U.S. dollar because it points to slower growth and a more patient Federal Reserve. Michelle and Vox unpack why the dollar can still steady or rebound when yields, labor data, Fed language, and relative weakness abroad matter more than one disappointing consumption print.
By VoxA soft retail sales report usually sounds bearish for the U.S. dollar because it points to slower growth and a more patient Federal Reserve. Michelle and Vox unpack why the dollar can still steady or rebound when yields, labor data, Fed language, and relative weakness abroad matter more than one disappointing consumption print.