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The Numbers

Softening US Consumption and Sentiment Support Long Duration

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Retail sales and consumer sentiment data point to slowing underlying momentum despite headline resilience. Retail sales rose 0.5% m/m in July, below estimates and decelerating from 0.9% in June. The control group beat estimates at 0.5% but also slowed…

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