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📈 Macroeconomics

Inflation Alert! Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October.

Inflation Alert! Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October. Consumers are not quitting when it comes to spending, more fuel for the inflation fire.

https://www.census.gov/retail/marts/www/marts_current.pdf

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The amount of interest paid to live another day? $7,380,456,000.

As of June 30, 2024 the total outstanding amount of all advances under the BTFP was $106,336,593,000. The amount of interest paid to live another day? $7,380,456,000.

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S&P Global: Public US banks with high CRE concentrations under SEC scrutiny.

S&P Global: Public US banks with high Commercial Real Estate (CRE) concentrations under SEC scrutiny.

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