The U.S. retail sales and unemployment claims data show an economy moving ahead at a fair clip but probably should be read with caution as holiday effects work their way through the data.

November retail sales posted +0.7%, ex autos posted +0.4%, and ex autos and gas +0.6%, showing better-than-expected strength into the holiday sales period, which began early in 2013 due to the compression of Chanukka close to Thanksgiving.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.