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US retail sales preview: Did Powell give away a strong report?

“In his interview aired on Friday (and recorded late last week), Fed Chairman Powell said there is some evidence of a rebound in January retail sales” reports forexlive.com. US January retail sales data is due out Monday at 8:30 am ET (1230 GMT) and the number is sure to have an outside impact on the US dollar, especially after Friday’s poor non-farm payrolls headline.Even if he didn’t the Fed gets plenty of data and he may have other reasons to believe a strong number is coming.Maybe it was the shutdown and problems getting the data, maybe it was economic fears after the drop in stocks.However the spot to watch is always the control group, which excludes volatile auto, gasoline and building supply data.
 
Source: forexlive.com



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