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The Julia La Roche Show · Thursday, September 17, 2026

Real Retail Sales Lagging Despite Nominal Increases, Says DeMartino Booth

Danielle DeMartino Booth asserts that real retail sales are in decline, despite nominal increases being driven by price inflation. She criticizes the Fed's focus on trends over specific data releases, such as the recent retail sales report, which she believes was misleading.

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The tape

2 quotes
“Real retail sales remain in the toilet.”
“He's not following a single data release, including this morning's retail sales, which was pumped up by nominal price increases as opposed to unit sales rising.”
Heard on The Julia La Roche Show — “#409 Danielle DiMartino Booth: Fed Is Hiking Into Recession, Consumers Tapped Out, & Credit Tightening”, published Thursday, September 17, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.05
Real Retail Sales Lagging Despite Nominal Increases, Says DeMartino Booth — Heardvine