Recession Not Yet: Retail Sales Help Push Up Atlanta Fed GDPNow to +3.0% for Q3 GDP

Retail sales rose 0.1% in August from July, seasonally adjusted, on top of the upwardly revised 1.1% jump in July, and the 0.3% dip in June. Not seasonally adjusted, retail sales jumped by 1.5% in August from July to $737 billion. To iron out the month-to-month squiggles and revisions...