Market Comment | Risk aversion increases ahead of the FOMC meeting

Downward revision of January’s retail sales in the US. US retail sales dropped in February less than expected (by -0.1% MoM; consensus: -0.2%), whereas ex auto and gas increased 0.3% MoM while the consensus expected just 0.2%. Nonetheless, the negative note is the downward revision of January’s published figures for both indicators (to -0.4% MoM […]

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