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Retail sales leap, testing Fed rate-cut bets, as consumers end 2023 with confidence

Updated at 9:42 AM EST U.S. retail sales powered firmly higher in December as consumers shrugged off faster inflation and accelerated their holiday spending into the end of the year. The reading from the Commerce Department Wednesday is likely to test market bets that the Federal Reserve will lower its benchmark interest rate in the spring, and then again later in the year. That's because stronger consumer spending raises the risk of stoking near-term inflation. People shop in mall with "sale" signs. Image source: Hanna Lassen/Getty Images Headline retail sales rose 0.6% from November levels to a collective total of $709.9 billion, the Commerce Department said, more than double economists' forecasts of a 0.2% advance. The November total was unrevised at 0.3%. The closely tracked control group number rose 0.8% following an upwardly-revised 0.5% gain in November. This figure, which excludes autos, building materials, office suppliers, gas station sales and tobacco, feeds into the government's GDP calculations.Sales by category (prior month): Department stores +3% (-2.1%)Clothing +1.5% (+1%)E-commerce +1.5% (+1.2%)Motor vehicles, parts +1.1% (+0.8%)Restaurants, bars 0% (+1.7%)Electronics -0.3% (-1.8%)Furniture -1% (+2.4%)Gas stations -1.3% (-3.4%)Health, personal care -1.4%…— Liz Ann Sonders (@LizAnnSonders) January 17, 2024 Gasoline station sales were down 1.3%, the release indicated, after Energy Department data showed the national average fell nearly 20 cents from November levels to $3.257 per gallon. Data published last week showed that headline inflation ticked higher in December, rising to 3.4%. But the report also indicated that core inflation, which strips out volatile components like food and energy, eased to 3.9%, the lowest in two years. The Fed has said it tracks core inflation pressures as part of its price-stability mandate, and the year-on-year gains remain nearly double its preferred target of 2%. "This report is much stronger than we expected, and the lack of any significant revisions to the prior data is unusual," said Ian Shepherdson of Pantheon Macroeconomics. "Our mapping of the retail sales numbers to the PCE data suggests that real consumption spending rose by around 0.4% in December, rounding off a 2.7% annualized increase across the fourth quarter as a whole," he added. "That’s a modest step down from the 3.1% annualized increase in Q3, but is still strong by any reasonable yardstick, and comfortably above the medium-term trend." "Moreover, the positive carryover effect from the strong December print means that if real consumption spending is unchanged over the next three months, it will still rise at a 1.6% annualized rate in the first quarter," he noted. U.S. stocks extended declines following the data release, with the S&P 500 falling 35 points, or 0.73%, in the opening hour of trading while those linked to the Dow Jones Industrial Average fell 120 points.Related: Inflation ticks higher in December, testing Wall Street's Fed rate-cut bets Benchmark 10-year Treasury note yields edged 4 basis points (0.04 percentage point) higher to 4.109% while 2-year notes were pegged at 4.345%. CME Group's FedWatch now suggests the Fed will hold its benchmark rate steady later this month in Washington, at between 5.25% and 5.5%, with the odds of a March rate cut now pegged at around 59.5%.Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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*7 вещей, которые нельзя оставлять в машине на морозе*

Некоторые из них могут просто испортиться, а другие — стать потенциально опасными.
[Read more...](https://lifehacker.ru/veshhi-v-mashine-na-moroze/)
*WARTECH =?UTF-8?B?0JrRg9C/0LjRgtGMIC0g0KTQvtGA0LzQsCDQvtC00LXQttC00Ys=?=*

На создание WARTECH нас сподвигло желание производить действительно качественное специальное снаряжения для отечественного рынка. ЦЕЛИ: ...via forma full 5 https://ift.tt/NDIruTl Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3591214.html)
WARTECH =?UTF-8?B?0JrRg9C/0LjRgtGMIC0g0KTQvtGA0LzQsCDQvtC00LXQttC00Ys=?=

На создание WARTECH нас сподвигло желание производить действительно качественное специальное снаряжения для отечественного рынка. ЦЕЛИ: ...via forma full 5 https://ift.tt/NDIruTl Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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*Подошвы кроссовок*

Фитнес, бег, командные виды спорта, паркур, занятия в зале и на улице требуют определенного типа подошвы спортивной обуви. Например, баскетбольные кроссовки для улицы имеют протектор в виде елочки , иначе игрок будет ...via forma full 5 https://ift.tt/Ajyut5J Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3590750.html)
Подошвы кроссовок

Фитнес, бег, командные виды спорта, паркур, занятия в зале и на улице требуют определенного типа подошвы спортивной обуви. Например, баскетбольные кроссовки для улицы имеют протектор в виде елочки , иначе игрок будет ...via forma full 5 https://ift.tt/Ajyut5J Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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*Rodents and pigeons don't deserve the cruel & inhumane treatment they get*

For some reason humans believe that anything we deem disgusting or scary is exempt from sympathy and compassion and Its messed up. Why are we out here making animals suffer horrible deaths bc we as a race decided to label them vermin and lesser than us? Glue traps and poison cause days worth of the animal dying slowly ripping itself apart, starving or bleeding out to death. Poison causing Internal bleeding, organs shutting down slowly for up to 10 days before they die. imagine being in that pro longed immense pain and tell me why any animal deserves that. I literally couldn't gaf about your disease scare mongering either, that's not an excuse for your shitty treatment towards them and its been proved they are not more likely to carry disease than any other animal or human so you have the same chance of catching disease from them as you are catching it from anything. they deserve better and if you disagree you're apart of the problem and the reason I'm even making this post. Ik a lot of people will continue to laugh at the thought of caring about things other than themselves but I wont stop speaking up for those who are tortured to death. submitted by /u/Dark--princess420 to r/unpopularopinion [link] [comments]
[Read more...](https://www.reddit.com/r/unpopularopinion/comments/198fstj/rodents_and_pigeons_dont_deserve_the_cruel/)
Rodents and pigeons don't deserve the cruel & inhumane treatment they get

For some reason humans believe that anything we deem disgusting or scary is exempt from sympathy and compassion and Its messed up. Why are we out here making animals suffer horrible deaths bc we as a race decided to label them vermin and lesser than us? Glue traps and poison cause days worth of the animal dying slowly ripping itself apart, starving or bleeding out to death. Poison causing Internal bleeding, organs shutting down slowly for up to 10 days before they die. imagine being in that pro longed immense pain and tell me why any animal deserves that. I literally couldn't gaf about your disease scare mongering either, that's not an excuse for your shitty treatment towards them and its been proved they are not more likely to carry disease than any other animal or human so you have the same chance of catching disease from them as you are catching it from anything. they deserve better and if you disagree you're apart of the problem and the reason I'm even making this post. Ik a lot of people will continue to laugh at the thought of caring about things other than themselves but I wont stop speaking up for those who are tortured to death. submitted by /u/Dark--princess420 to r/unpopularopinion link comments
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*Saw this girl a year ago, after I got back from a party, called highway patrol, anyone know anything about this?*

I was in a uber when I noticed her, Uber had no interest in stopping and told me call highway patrol, so I did. Idk if anything came from it, does thus seem familiar to anyone? Was it on the news? It was in Las Vegas. submitted by /u/probablynotannpc to r/Weird [link] [comments]
[Read more...](https://www.reddit.com/r/Weird/comments/198lfni/saw_this_girl_a_year_ago_after_i_got_back_from_a/)
Saw this girl a year ago, after I got back from a party, called highway patrol, anyone know anything about this?

I was in a uber when I noticed her, Uber had no interest in stopping and told me call highway patrol, so I did. Idk if anything came from it, does thus seem familiar to anyone? Was it on the news? It was in Las Vegas. submitted by /u/probablynotannpc to r/Weird link comments
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