{"id":953,"date":"2023-02-16T05:32:41","date_gmt":"2023-02-16T10:32:41","guid":{"rendered":"https:\/\/embarrdowns.com\/us-retail-sales-and-inflation-rise-oil-prices-fall\/"},"modified":"2023-02-16T05:32:42","modified_gmt":"2023-02-16T10:32:42","slug":"us-retail-sales-and-inflation-rise-oil-prices-fall","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/us-retail-sales-and-inflation-rise-oil-prices-fall\/","title":{"rendered":"US Retail Sales and Inflation Rise, Oil Prices Fall"},"content":{"rendered":"

On Wednesday, February 15th, the US Census Bureau reported that Retail Sales in the United States rose by 3% to $697 billion in January.[0]<\/a><\/sup> Following December’s 1.1% decrease, the reading came in better than the expected 1.8% increase, according to the market.[1]<\/a><\/sup> Retail Sales ex-Autos expanded by 2.3%, compared to analysts’ estimate of +0.8%.[2]<\/a><\/sup> The publication stated that the total sales for November 2022 to January 2023 had risen 6.1% compared to the same period in the previous year.[1]<\/a><\/sup> <\/p>\n

The report showed that sales at bars and restaurants rose by 7.2%, the biggest monthly increase since March 2021, while auto sales were up 5.9%.[3]<\/a><\/sup> Department stores saw a 17.5% growth, food services and drinking places increased by 7.2%, and general merchandise store sales gained 4.5%.<\/p>\n

The US consumer price index (CPI) rose by 0.5% in January, while the CPI increased by 6.4% from a year ago. The consumer-price index climbed 6.4% in January from a year earlier, down slightly from 6.5% in December.<\/p>\n

The strong retail sales data, combined with the recent inflation numbers, suggests a robust consumer demand that could bolster the Federal Reserve\u2019s resolve to keep raising interest rates in the face of persistent inflation.[4]<\/a><\/sup> At present, markets anticipate that the Fed will approve quarter percentage point interest rate increases at its upcoming two gatherings, then take a break to analyze the effect of the fiscal policy decisions on inflation, the job market, and overall economic development.[5]<\/a><\/sup><\/p>\n

Oil prices continued to decline as the dollar rose and U.S. stockpiles increased.[6]<\/a><\/sup> On Wednesday morning, West Texas Intermediate (WTI) crude futures, the U.S. benchmark, decreased by 1%, trading at approximately $78.[6]<\/a><\/sup><\/p>\n

Investors should note that forex trading carries a high level of risk that may not be suitable for all investors.[7]<\/a><\/sup> It is important to understand the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if any questions arise.[8]<\/a><\/sup><\/p>\n

0. <\/span>“U.S. retail sales climb by 3.0% in January By Investing.com” Investing.com, 15 Feb. 2023, https:\/\/www.investing.com\/news\/economic-indicators\/us-retail-sales-climb-by-30-in-january-3004176<\/a><\/a><\/p>\n

1. <\/span>“Retail sales surge in January, smashing consensus” Seeking Alpha, 15 Feb. 2023, https:\/\/seekingalpha.com\/news\/3936303-retail-sales-surge-in-january-smashing-consensus<\/a><\/a><\/p>\n

2. <\/span>“US: Retail Sales rise by 3% in January vs. 1.8% expected” Forex Factory, 15 Feb. 2023, https:\/\/www.forexfactory.com\/news\/1205804-us-retail-sales-rise-by-3-in-january<\/a><\/a><\/p>\n

3. <\/span>“Stock Market Today: Stocks Close Up After Strong Retail Sales Data” Kiplinger’s Personal Finance, 15 Feb. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-021523-stocks-close-up-after-strong-retail-sales-data<\/a><\/a><\/p>\n

4. <\/span>“US Retail Sales Jump by Most in Nearly Two Years in Broad Gain” Bloomberg, 15 Feb. 2023, https:\/\/www.bloomberg.com\/news\/articles\/2023-02-15\/us-retail-sales-jump-by-most-in-nearly-two-years-in-broad-gain<\/a><\/a><\/p>\n

5. <\/span>“Retail sales jump 3% in January, smashing expectations despite inflation increase” CNBC, 15 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/15\/retail-sales-january-2023-.html<\/a><\/a><\/p>\n

6. <\/span>“Stock market news today: Stocks rise after strong retail sales data” AOL, 15 Feb. 2023, https:\/\/www.aol.com\/stock-market-news-today-stock-130622831.html<\/a><\/a><\/p>\n

7. <\/span>“US Retail Sales Beat Expectations, US Dollar (DXY) Continues to Move Higher” DailyFX, 15 Feb. 2023, https:\/\/www.dailyfx.com\/news\/us-retail-sales-beat-expectations-us-dollar-dxy-continues-to-move-higher-20230215.html<\/a><\/a><\/p>\n

8. <\/span>“Why Wednesday’s US retail sales report could be stronger than expected” ForexLive, 14 Feb. 2023, https:\/\/www.forexlive.com\/news\/why-wednesdays-us-retail-sales-report-could-be-stronger-than-expected-20230214\/<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, February 15th, the US Census Bureau reported that Retail Sales in the United States rose by 3% to $697 billion in January.[0]<\/a><\/sup> Following December’s 1.1% decrease, the reading came in better than the expected 1.8% increase, according to the market.[1]<\/a><\/sup> Retail Sales ex-Autos expanded by 2.3%, compared to analysts’ estimate of +0.8%.[2]<\/a><\/sup> The publication stated that the total sales for November 2022 to January 2023 had risen 6.1% compared to the same period in the previous year.[1]<\/a><\/sup> <\/p>\n

The report showed that sales at bars and restaurants rose by 7.2%, the biggest monthly increase since March 2021, while auto sales were up 5.9%.[3]<\/a><\/sup> Department stores saw a 17.5% growth, food services and drinking places increased by 7.2%, and general merchandise store sales gained 4.5%.<\/p>\n

The US consumer price index (CPI) rose by 0.5% in January, while the CPI increased by 6.4% from a year ago. The consumer-price index climbed 6.4% in January from a year earlier, down slightly from 6.5% in December.<\/p>\n

The strong retail sales data, combined with the recent inflation numbers, suggests a robust consumer demand that could bolster the Federal Reserve\u2019s resolve to keep raising interest rates in the face of persistent inflation.[4]<\/a><\/sup> At present, markets anticipate that the Fed will approve quarter percentage point interest rate increases at its upcoming two gatherings, then take a break to analyze the effect of the fiscal policy decisions on inflation, the job market, and overall economic development.[5]<\/a><\/sup><\/p>\n

Oil prices continued to decline as the dollar rose and U.S. stockpiles increased.[6]<\/a><\/sup> On Wednesday morning, West Texas Intermediate (WTI) crude futures, the U.S. benchmark, decreased by 1%, trading at approximately $78.[6]<\/a><\/sup><\/p>\n

Investors should note that forex trading carries a high level of risk that may not be suitable for all investors.[7]<\/a><\/sup> It is important to understand the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if any questions arise.[8]<\/a><\/sup><\/p>\n

0. <\/span>“U.S. retail sales climb by 3.0% in January By Investing.com” Investing.com, 15 Feb. 2023, https:\/\/www.investing.com\/news\/economic-indicators\/us-retail-sales-climb-by-30-in-january-3004176<\/a><\/a><\/p>\n

1. <\/span>“Retail sales surge in January, smashing consensus” Seeking Alpha, 15 Feb. 2023, https:\/\/seekingalpha.com\/news\/3936303-retail-sales-surge-in-january-smashing-consensus<\/a><\/a><\/p>\n

2. <\/span>“US: Retail Sales rise by 3% in January vs. 1.8% expected” Forex Factory, 15 Feb. 2023, https:\/\/www.forexfactory.com\/news\/1205804-us-retail-sales-rise-by-3-in-january<\/a><\/a><\/p>\n

3. <\/span>“Stock Market Today: Stocks Close Up After Strong Retail Sales Data” Kiplinger’s Personal Finance, 15 Feb. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-021523-stocks-close-up-after-strong-retail-sales-data<\/a><\/a><\/p>\n

4. <\/span>“US Retail Sales Jump by Most in Nearly Two Years in Broad Gain” Bloomberg, 15 Feb. 2023, https:\/\/www.bloomberg.com\/news\/articles\/2023-02-15\/us-retail-sales-jump-by-most-in-nearly-two-years-in-broad-gain<\/a><\/a><\/p>\n

5. <\/span>“Retail sales jump 3% in January, smashing expectations despite inflation increase” CNBC, 15 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/15\/retail-sales-january-2023-.html<\/a><\/a><\/p>\n

6. <\/span>“Stock market news today: Stocks rise after strong retail sales data” AOL, 15 Feb. 2023, https:\/\/www.aol.com\/stock-market-news-today-stock-130622831.html<\/a><\/a><\/p>\n

7. <\/span>“US Retail Sales Beat Expectations, US Dollar (DXY) Continues to Move Higher” DailyFX, 15 Feb. 2023, https:\/\/www.dailyfx.com\/news\/us-retail-sales-beat-expectations-us-dollar-dxy-continues-to-move-higher-20230215.html<\/a><\/a><\/p>\n

8. <\/span>“Why Wednesday’s US retail sales report could be stronger than expected” ForexLive, 14 Feb. 2023, https:\/\/www.forexlive.com\/news\/why-wednesdays-us-retail-sales-report-could-be-stronger-than-expected-20230214\/<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":952,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/953"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=953"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/952"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}