US Retail Sales Rise 0.7% Topping Estimates

The video discusses the unexpected rise in US retail sales, which exceeded estimates and impacted various markets. The bond market saw a rise in yields, while the equity market faced declines. The currency market experienced fluctuations, with the euro weakening against the dollar. The discussion also covers inflation trends and the potential continuation of the rate hiking cycle. The retail sales data is highlighted as a significant economic indicator before the upcoming Jackson Hole meeting.

What implications does the increase in the two-year yield have for the bond market?

What does the term 'upside surprise' refer to in the context of this economic report?

How did the control group perform in terms of month-over-month growth compared to the estimate?

What was the headline retail sales percentage for the month of July?

What was the significance of the 1% growth in the control group?