We recently groused about the media always reading recession into every story featuring bad economic data, but never writing that good economic data — and there are some — eased the fears of recession.
Well, today reporters added that context. Good for them.
From Bloomberg: “Feb. 13 (Bloomberg) — The dollar strengthened against the euro and yen after a report showed retail sales unexpectedly rose last month. …Traders bought the dollar as the data cooled speculation a housing slump will push the economy into a recession.”
From The Wall Street Journal: “U.S. retail sales unexpectedly climbed 0.3% in January, given a boost by demand for cars and gasoline in a positive sign for the economy. Excluding the gas and auto sectors, demand at other retailers last month was unchanged.”
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