US August retail sales beat expectations, violent rate cut bets by the Federal Reserve still prevail
I'm PortAI, I can summarize articles.
U.S. retail sales unexpectedly rose by 0.1% in August, exceeding the expected -0.2%, indicating a solid economic foundation. Core retail sales increased by 0.3%, with consumer spending accelerating. Following the data release, the U.S. dollar index rose in the short term, while spot gold fell. Investors are expecting the Federal Reserve to announce a rate cut on Wednesday, with a market inclination of a 67% probability of a 50 basis point rate cut
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: JIN10 The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments