For this Black Friday it seems retailers is more in need of "moving products" than securing price says Saxo's Steen Jakobsen
Aa
Share
Black Friday is almost here, so salers are getting ready for customers looking for real bargains. However, it's still not the end of hard-knock time for consumers as high interest rates and inflation worry buyers, investors and companies. We asked Saxo's Steen Jakobsen for a few words on the ongoing events.
To what extent could high rates and inflation impair Black Friday effect?
It's a two-way street, clearly consumers have shown they still have excess saving from the Pandemic, but also recently that inflation/high rates will in the future slow spending down, however for this Black Friday it seems retailers is more in need of "moving products" than securing price, which may mean good volume sales but less revenue.
Core Durable Goods Orders and Building Permits are released this week - how crucial are these prints ahead of the December Fed meeting?
All data is important as Fed has moved to "observing the impact of recent hikes", but overall the two data points which constitute 90% of the FED "data dependency" is employment and inflation measures.
