As the holidays approach, this will be the last RAOT report of the year, and we will continue our weekly reports in the new year. First and foremost, we would like to thank you for your interest, your feedback, and your input as we’ve grown Radix and the RAOT report over the past year.
After a short and quiet Thanksgiving week, economic data releases return in full force with a number of metrics set to be shared this week. GDP and November employment data will likely dominate the headlines, but the Personal Consumption Expenditures index, the Fed’s preferred inflation gauge, will be announced.
U.S. retail sales accelerated in October after three consecutive months of mixed results. On a seasonally adjusted basis, retail sales increased 1.3%, providing further support that the American consumer remains well capitalized and willing to spend. As Americans continue to spend
The US midterm elections will result in a split congress with Democrats maintaining control of the Senate while Republicans will likely win a narrow majority in the House. As a result, I do not expect any sweeping legislation in the next two years
The U.S. economy received another positive sign last Friday, as the October jobs report once again outperformed expectations. While the overall number of new jobs added was the lowest since the end of 2020, the 261,000 new positions exceeded analyst expectations.