Retail Sales Confirm Dark Black Friday

By |2014-12-11T12:56:46-05:00December 11th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The initial indications from private retail metrics on the Black Friday kickoff were not good, though numerous attempts to downplay those results were initiated. The monthly retail sales figures from the Census Bureau will make that much harder as they square with the downbeat Black Friday estimates. In other words, Black Friday wasn’t “off” because consumers were “pulled” to shop [...]