• Profile picture of Seth Golden

    Seth Golden posted an update 4 years, 6 months ago

    JPM on the retail sales #s
    we estimate that real consumer spending increased 2.6% saar in 3Q. This is a notable step down from the robust 4.6% increase reported for 2Q and a little softer than our earlier tracking of the 3Q data (2.8%), but it still represents a healthy pace for spending.

    Overall, we now see modest downside risk to our 1.5% real GDP forecast for 3Q.

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