Retail Inferno! U.S. Retail Sales Ex Auto Fall the Most Since Great Recession (Brainard Supports Ending Fed Balance Sheet Shrinking)

It was truly a “Retail Inferno!”

US Retail sales fell MoM 1.2% in December and -1.8% Ex Auto.

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Here is a graph showing the tanking of December retail sales.

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And we if take out auto sales …. the worst plunge since The Great Recession.

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Meanwhile, Federal Reserve Governor Lael Brainard indicated she favors ending the process of normalizing the central bank’s balance sheet later this year.

“That balance-sheet normalization process probably should come to an end later this year,” she said Thursday in an interview on CNBC.

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Ya think Lael? (second from right)

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