...the consumer is in PAIN, but the Fed remains steadfast, fearing the return of even higher inflation should they lift the foot off the pedal.
Retail sales confirm the terrible and worsening state of the economy. These numbers are NOT adjusted for inflation. So, based on the CPI, if you subtract the core and headline CPI numbers today, the actual sales numbers are all negative. That's the economic reality!
https://x.com/GlobalProTrader/status/1790756264059752854
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