Hawkish hopes of retail resilience were built on sand. High inflation keeps squeezing real incomes and sales. Overdoing rate hikes risks recession, but the housing market canary seems alive and well.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.