Data released on Wednesday showed an increase in retail sales during August but below expectations: 0.6% versus 1.0%. Analysts at Wells Fargo point out that an important factor to consider is that August was the first post-pandemic month without the additional $600/week top-up from the federal government for unemployment benefits. Key Quotes: “Retail sales rose 0.6%, but that fell short of consensus expectations for a 1.0% gain. The pandemic may not yet be in the rearview mirror, but with this fourth straight monthly increase, the level of retail sales rose to a fresh record high making it appear as though consumer spending has fully recovered.” “Again Retail sales rose to a record high, although the increase was short of expectations and the details showed some payback for the high-flyers in prior months. E-commerce was flat, grocery stores and sporting goods fell.” “The underlying details are less tidy, however, and a comparison of how retailers have fared by store type offers a snapshot of the unusual way U.S. households have spent their money in a summer that changed the face of retail.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD drops to 1.3160 area as focus shifts to FOMC FX Street 2 years Data released on Wednesday showed an increase in retail sales during August but below expectations: 0.6% versus 1.0%. Analysts at Wells Fargo point out that an important factor to consider is that August was the first post-pandemic month without the additional $600/week top-up from the federal government for unemployment benefits. Key Quotes: “Retail sales rose 0.6%, but that fell short of consensus expectations for a 1.0% gain. The pandemic may not yet be in the rearview mirror, but with this fourth straight monthly increase, the level of retail sales rose to a fresh record high making it appear as though consumer… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.