Latest Updates: Related to Inflation

Consumer Spending Slows as Fed Meeting Approaches

09/15/2022

Retail sales unexpectedly increased by +0.3% in August, above the median forecast for an unchanged reading. Although this follows a revised -0.4% decline in the previous month, the August gain doesn’t necessarily signal a resilient consumer. Strong auto sales (reflecting pent-up demand) were the primary driver, climbing +2.8% last month after a -2.0% drop in July. When autos are excluded, retail sales actually fell -0.3%, worse than the expected unchanged reading.

Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Strong ISM Report is Another Log on the Fire

Mixed Data Adds to Market Volatility

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.