US retail sales rise in December 2023 - financial expert analyzes market reaction and impact on interest rate turnaround

US retail sales rise in December 2023 - financial expert analyzes market reaction and impact on interest rate turnaround

According to a report by finanzmarktwelt.de, US retail sales for November were released. Sales were better than expected at +0.3 percent month-on-month, which led to a positive market reaction. The control group, which is directly included in the calculation of US GDP, is also above expectations at +0.4 percent. In addition, initial jobless claims for last week also rose less than expected, indicating a stabilization in the labor market.

This better-than-expected data could have a positive impact on the dollar and yields, which have rebounded slightly after yesterday's Jerome Powell "massacre." However, US futures are slightly lower. Overall, the data suggests a possible stabilization of the economy, which could lead to positive market sentiment.

As a financial expert, I see this data as very positive and possibly an indicator of an impending recovery in the US economy. The positive retail sales could indicate increased consumer demand, while the lower initial jobless claims indicate a possible stabilization of the labor market. This could lead to rising share prices and a generally positive mood in the market.

However, it remains to be seen how the data will develop in the coming months and what impact it could have on the Federal Reserve's monetary policy. Overall, however, the current data points to a possible recovery in the US economy, which could be positive for investors and the financial market as a whole.