
No, Consumer Spending Didn’t Plunge in January and Auto Sales Didn’t Collapse, or Whatever, But the Huge Seasonal Adjustments Might Have Gone Awry
Year-over-year, consumer spending jumped by 5.6% and retail sales by 4.8% in January. So there’s that. By Wolf Richter for WOLF STREET. The financial media was thrown into a tizzy this morning when the Bureau of Economic Analysis […]