August Retail Sales

The Retail Sales report for August came in flat at 0.0% as consumers tightened their wallets on fears of the debt ceiing debate, the downgrade of US credit by S&P, and on fears of a double-dip recession. You can notice the -0.1% drop in May, which was a result of a spike in oil and the nuclear disaster in Japan.

Weak reports like this one generally propmt investors to move money out of stocks and into bonds. This type of market report usually means better interest rates.

If you want to know what the next economic report that could influence interest rates will be please give me a call!