Spencer Platt/Getty ImagesA big jump in retail spending would be the next data point indicating a "no landing" of the economy.BofA analysts expect retail sales last month to soar 0.8%, above forecasts of 0.2%.A no-landing scenario occurs when strong economic growth fuels inflation and hinders rate cuts. America's spending habits are the next data point to monitor as Wall Street investors see rising odds of a "no landing" scenario for the US economy.
Here's The Next Data Point To Watch As Wall Street Eyes A 'no Landing' Scenario For The Us Economy
kcloonan@insider.com (Kelly Cloonan), Business Insider
Thu, 10/10/2024 - 11:54am
Topics: spencer platt/getty imagesa wall street october bloomberg federal reserve gdp gdi gangbusters september bank hurricane helene business insider america september fed us data point landing scenario analysts retail month spending economic report strong sales growth expect no-landing inflation higher jobs easing costs large increase rates continued big showed activity cycle jump odds revisions stores borrowing thursday set upside estimates
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