US Redbook YoY (Feb/21) Y/Y 6.7% (Prev. 7.2%)
The decline in the US Redbook yearly growth from 7.2% to 6.7% suggests a potential slowdown in consumer spending momentum.
NBH Policy Statement: A careful and patient approach to monetary policy remains necessary due to risks to the inflation outlook
EU reportedly expects the US to ease the impact of metals tariffs in the coming weeks, according to Bloomberg
US Redbook YoY (Feb/21) Y/Y 6.7% (Prev. 7.2%)
Daily US Equity Opening News - META signs AI deal with AMD; NVO to cut US Ozempic & Wegovy prices; JPM lifts NII outlook
AT&T (T) says overall ARPU may remain flat/pressured as the Co. targets value segments with converged bundle discounts, though management emphasises this is separate from pricing strategy, with planned price hike in targeted areas of the existing base
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This softer print may indicate weakening retail demand, which could have implications for upcoming economic reports and broader consumer sentiment. Traders should consider how this trend might influence the outlook for inflation and monetary policy going forward.
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