Wednesday: US retail strong, just as China slides
Aug 15, 2023•10 min
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Episode description
US retail sales data was stronger than expected, ramping up the inflation pressure on the Fed. But China’s growth is slowing sharply, leading to a surprise rate cut. Oil prices slid on China’s weak data.
In our bonus deep-dive interview, ANZ’s Senior Commodities Strategist Daniel Hynes details what an even harder slowdown of apartment building in China might do to commodity prices.
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