The Monetary Juggling Act Continues, but the Clown’s Arms Are Getting Tired

August 22, 2024 Advanced retail sales accelerated by 1% for the month of July, according to figures that are seasonally adjusted but not adjusted for inflation. Economists surveyed by Dow Jones were looking for a 0.3% increase. June sales were revised to a decline of 0.2% after initially being reported as flat. The Main Stream…