LA Private

August 2023

Higher for longer: US interest rates poised for increase after strong July retail sales

US interest rates are anticipated to remain elevated for an extended period following the surprising surge in July’s retail sales, which exceeded expectations. The robust 0.7% increase (compared to a forecast of 0.4%) and a revision for June from an initial 0.2% rise to 0.3%, have prompted a couple of US economists to speculate whether

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