U.S. retail sales for Thanksgiving and Black Friday are the weakest since 2009. What does this imply for global economic recovery with regard to a potential response from the Fed?
The Fed will maintain the current levels of QE
U.S. holiday sales will not factor into the Fed's response
The Fed will begin reducing QE soon as it remains committed to returning the U.S. to more normal monetary policy
The Fed may increase QE to support a weakening economy