Astonishingly upbeat economic data out of the US failed to sen | ForexTime

Astonishingly upbeat economic data out of the US failed to send equity benchmarks higher on Wednesday. Consumers across the States decided not to keep stimulus checks in their bank accounts but rather spend them on electronics, appliances, furniture and online. Almost every major category in the retail sales report showed a significant increase. The 5.3% growth in January is the largest monthly rise since June, when the US began recovering from strict lockdowns.

Looking at the trend in coronavirus cases and vaccine distribution, we should expect the economic recovery to gather steam over... Read More (https://www.forextime.com/market-analysis/are-higher-bond-yields-spoiling-risk-rally)