Pantheon Macroeconomics - So far, the surge in retail spending promised by the plunge in gasoline prices has not materialized. The latest Redbook chain store sales numbers dipped below the gently rising trend last week, perhaps because of severe weather, but the point is that the holiday season burst of spending has not been maintained.

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21 Jan. 2015 - Spending Not Yet Surging in the Wake of Cheaper Gas, But it Will

By Ian Shepherdson

So far, the surge in retail spending promised by the plunge in gasoline prices has not materialized. The latest Redbook chain store sales numbers dipped below the gently rising trend last week, perhaps because of severe weather, but the point is that the holiday season burst of spending has not been maintained.

Posted: 21st Jan 2015 in 'U.S. Documents'

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