The Traderszone Network

Published in TZ Latest News 11 January, 2017 by The TZ Newswire Staff

BofA Finds Consumer Spending Tumbled In December, Warns Of Disappointing Retail Sales

With this week’s most important economic data point – this Friday’s retail sales – fast approaching, economists are keen for clues if this key datapoint giving insight into the health of the US consumer will maintain the recent outsized spike in favorable and better than expected economic data, or if adversely, it may be a downward inflection point which could have significant implications on the dollar trade as RBC explained earlier.

read more