Follow-up to Monday's post on the U.S. Consumer... Retail sales (RRSFS) have held up in period where:
- Housing price (SPCS20RSA) decreases have stopped accelerating to the downside
- Jobless claims (IC4WSA) have been coming down towards more "normal" levels
- Oil price (DCOILWTICO) increases have decelerated and actually gone negative
- Interest rates (GS10) have moved lower from already low levels
Note: everything in the chart expressed as Y/Y% change.