Michelle Girard
Michelle Girard
card continue gift good momentum report retailers sales
Retailers continue to report good sales momentum in the post-holiday period, bolstered by gift card redemptions.
concerns continued expect fed further growth half inflation lead pause second
While we look for the Fed to pause in June, we expect continued above-trend growth and inflation concerns will lead to further tightening (to 5.5%) in the second half of the year.
associated confident consumers economy feeling focusing heading market recession signal yield
While market participants are focusing on the recession signal associated with an inverted yield curve, consumers are feeling more confident about the economy heading into 2006.