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Ben and his crew look like they will have no choice, nor will we looking forward

ECONOMIC REPORT

Retail sales surge 1.4% in July

Sales excluding cars, gas strongest in six months

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By Rex Nutting, MarketWatch

Last Update: 8:30 AM ET Aug 11, 2006

WASHINGTON (MarketWatch) - U.S. retail sales increased at the fastest pace in six months in July, rising 1.4% on higher auto and gasoline sales, the Commerce Department reported Friday.

Higher sales were seen across the board, from electronics to clothing. Sales of durable goods were particularly strong.

http://www.marketwatch.com/news/story/Stor...%7D&siteid=

Edited by I Told You So

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Ben and his crew look like they will have no choice, nor will we looking forward

ECONOMIC REPORT

Retail sales surge 1.4% in July

Sales excluding cars, gas strongest in six months

Print

E-mail

Disable live quotes

RSS

Digg it

Del.icio.us

By Rex Nutting, MarketWatch

Last Update: 8:30 AM ET Aug 11, 2006

WASHINGTON (MarketWatch) - U.S. retail sales increased at the fastest pace in six months in July, rising 1.4% on higher auto and gasoline sales, the Commerce Department reported Friday.

Higher sales were seen across the board, from electronics to clothing. Sales of durable goods were particularly strong.

http://www.marketwatch.com/news/story/Stor...%7D&siteid=

Makes you wonder why the bother making the rate decisions early in the month, when all the important data comes out near the middle of the month?

As with us, we have CPI info out out the 15th, but they have met and made a decision with old information. Am I missing something?

Very interesting comment from Japan regarding their rates:

The Bank of Japan had said it would only increase rates gradually, having not lifted them for six years prior to last month's decision.

Sounds like more rises clearly on the cards from them, but they want to spread them out to make the adjustment to the new IR culture easier for their economy and people.

AFP

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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