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Jan Retail Sales headline number......>

US DATA REACT
US DATA REACT: Jan Retail Sales headline number fine (+0.3% M/M as expected) but
market focused on Control Group miss (0.0% M/M, vs +0.3% exp and 0.5% prior).
Feeds directly into PCE estimate in GDP, so expect downward Q1 forecast
expectations. Has been pretty flat for past 6 months.

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