Summary Fewer motor vehicle sales & lower gasoline prices weigh on spending. Online sales surge again. Sales elsewhere are uneven. Consumers pulled back spending modestly in February, as overall retail...
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Charts of the Week
Charts of the Week
The messaging from this week’s raft of economic data has painted an increasingly familiar picture of the global economic scene. Headline inflation is finally easing off its highs in large part thanks to ebbing energy prices. But last year’s high levels of inflation and the global trend toward tighter monetary policy that they sparked are now exacting a heavier toll on economic activity.
17 March 2023
Growing fears about the underlying health of the world’s banking sectors have dominated the financial headlines in recent days and a trend toward risk aversion has clearly been in the ascendancy. Central banks, in the meantime, are now under more pressure to offer targeted support and more generally to halt their tightening campaigns in order to restore financial stability.
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