US Retail Sales Preview: Will the American shopper lift the mood and the dollar? 3 scenarios
For many visitors to the US, it is the land of shopping malls, outlets, and the best online deals. Consumption consists of around two-thirds of the US economy, making every retail sales release a critical market mover. And the upcoming release for July is of even higher importance. Fears of a forthcoming recession have gripped markets as the yield curve has inverted – a previous hint of a downturn – and as the US-Sino trade wars remain far from being resolved.
