Retail Sales, Housing Starts, And Stocks Rocket Higher

Published Friday, April 16, 2021 at: 6:47 PM EDT

With the Federal Reserve indicating repeatedly that it will not raise lending rates to quell a spike in inflation -- from the current rate of about 1.6% to its target rate of 2% -- the U.S. economy is rocketing like never before. March retail sales figures, released yesterday, surged +9.8% higher than in February. It was a huge surprise! Wall Street analysts had been forecasting a +1.3% rise in retail sales. Surges of this magnitude were unprecedented, until the comeback from the Covid pandemic and government stimulus. For the 12 months through the end of March, total retail sales shot +27.9% higher. Retail...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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