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IBUY - U.S. Retail Sales Expected To Boost Q4 Economic Rebound Forecast
Amplify Online Retail ETF
The sharp slowdown in US economic growth in the third quarter (driven by weaker consumer spending) surprised economists, but the case for a rebound in Q4 is building.
The Chicago Fed’s weekly estimate of retail activity reflects an ongoing rise in spending through mid-October.
The case for a Q4 revival in growth is building and next week’s retail sales numbers for October are expected to support the upbeat outlook.