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.


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


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


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.


Ya think Lael? (second from right)