The subsequent rise in US Retail sales and CPI for September will be "deceptive"

11.10.2017 / 22:04

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Two important U.S. economic indicators due Friday probably posted a solid rebound in September. Rather than a sign the economy is gaining new-found momentum, the reports will show hurricanes Harvey and Irma are playing havoc with the data.

Retail sales rebounded 1.7 percent, the most since early 2015, after an August decline that was related to Harvey

Inflation got a boost from rising gasoline costs as Harvey forced the closing of Houston-area refineries. The consumer-price index rose 0.6 percent, the most since January

Despite rising inflation and better data on retail sales, we do not expect strong growth in the dollar, or even vice versa, a reverse reaction and a USD drop. The reason for this is that big investors are already aware of the economic data and they are already accumulating in the USD price.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

Bloomberg: This Jump in U.S. Retail Sales and Inflation is Not What It Seems

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The subsequent rise in US Retail sales and CPI for September will be "deceptive"

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