Fed Wednesday

Consumer Economy Retail Sales (RSAFS) $732B +4.6B (+0.63% m/m) Industrial Production (INDPRO) 103.9 +0.10 (+0.10% m/m) US Housing Permits (PERMIT) 1.31m -50k (-3.67% m/m) US Housing Starts (HOUST) 1.30m -122k (-8.54% m/m) Retail Sales grew at an annualized rate of 7.56% – that’s decent expansion, and not recessionary.   The Food & Bev segment grew just…