US Redbook YoY (Feb/07) Y/Y 6.5% (Prev. 6.7%)
The latest US Redbook report shows a year-over-year increase of 6.5%, slightly down from the previous 6.7%.
House Republican Leaders are on the brink of losing a rule vote today over language blocking tariff votes, if the Republican rule attempt fails, House Democrats are prepping for a flood of votes on Canada, Brazil and Mexico tariffs, via Punchbowl
JD.com (JD) announces JoyExpress, a new delivery service for Europe
US Redbook YoY (Feb/07) Y/Y 6.5% (Prev. 6.7%)
Wells Fargo (WFC) CFO says credit metrics are good and there is no signs of systemic deterioration. Consumer spending continues to increase.
Daily US Equity Opening News - US plans tariff carve-outs for hyperscalers; ON slips on a mixed outlook; KO revenue falls short
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While this minor decline may indicate a slight softening in retail sales momentum, it still reflects a robust year-on-year growth rate. Traders should consider how this data aligns with broader consumer spending trends and its potential implications for inflation and monetary policy going forward.
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