US Week Ahead: Yellen’s Testimony, Retail Sales, IP, PPI, Beige Book, UMich, Philly Fed, Empire Svy, Housing

Retail sales likely rose by 0.7% in June based on another strong vehicle sales report and healthy chain-store sales. Total light-vehicle unit sales rose by 1.2% in June to a 16.98m-unit rate. Gasoline prices rose by 0.5%, most likely boosting gas station receipts. The large jump in the Texas Retail…

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