The two Americas: Ringing sales, rattling tins

Strong retail sales suggest the US consumer is finally starting to feel confident again but millions of long-term unemployed are being left behind.

Retail sales rose solidly in November, beating expectations, to provide further evidence that the recovery is picking up. Combined with improving labour market conditions, this could provide the impetus necessary for the Fed to wind back some of its monetary stimulus.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles