Daily Archives: Nov 11, 2021 at 07:29 am EST

US Retail Sales Expected To Boost Q4 Economic Rebound Forecast

The sharp slowdown in US economic growth in the third quarter (driven by weaker consumer spending) surprised economists, but the case for a rebound in Q4 is building. A key factor in the upbeat forecast: projections that consumer buying will bounce back. Next week’s update (Nov. 16) on retail sales for October is expected to offer more support for managing expectation up.

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Macro Briefing: 11 November 2021

* US and China announce climate agreement at COP26 summit
* Latest increase in US inflation raises odds for rate hike
* US dollar reaches 2021 highs against sterling and the euro on Thursday
* US wage gains in October evaporate after factoring in inflation
* Financial institutions may be new targets of climate litigation
* Belarus president threatens to Shut EU gas flow over border crisis
* UK GDP growth slowed in the third quarter
* US jobless claims fell again last week, setting another pandemic low
* US consumer inflation accelerated in October, reaching a 30-year high: