US February retail sales -0.4% vs -0.3% expected

• Prior was +3.0%

Details:

• Ex autos -0.1% vs -0.1% expected
• Prior ex autos +2.3%
• Control group +0.5% vs -0.3% expected
• Prior control group +1.7%(revised to +2.3%)
• Ex autos and gas 0.0% vs +2.6% prior
• Gasoline stations -0.6% vs +5.7% m/m prior
• Electronics and appliance stores +0.3% vs +3.5% m/m prior
• Furniture stores -2.5% vs +4.4% m/m prior
• Restaurants -2.2% vs +7.2% m/m prior

The January numbers got a boost from good weather and many were expecting some of that to be given back.instead, the control group accelerated further and the January number was revised even higher. This is a real headache for the Fed The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term though if you want an optimistic spin on inflation, the more-sensitive categories like restaurants, furniture and electronics slowed considerably.