The Observatory is our real-time monitoring of the US economy. It offers a regular, systematic dissection of virtually every major fundamental macro data set released in the US. We scan the time-series characteristics, sectoral decompositions, macro-cycle implications, and the effects on GDP and inflation of each release, with an understanding of the nuances and specific manipulations required for each data series. The Observatory seeks to paint a moving picture of the economic cycle, print by print.
We share our latest note from The Observatory: Retail Sales Monitor.
Synthesis: The latest retail sales data continue to suggest
