No. 488: Fed Action, November Retail Sales, PPI, October Trade Deficit

(SGS Subscription required) • Fed Moves to Monetize More Treasury Debt,
Boosting the Outlook for Inflation, Not the
• Still Hammered by Consumer Illiquidity,
November Retail Sales Reporting Was Warped by Hurricane Effects
• Mangled by Soft Revisions to Services Surplus,
October Trade Deficit Likely Also Reflected Storm Distortions
• PPI Decline Driven by Temporary Drop in Oil Prices

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