August Retail Sales Exceed Expectations as Investors Anticipate Fed Rate Cuts

Reported 22 days ago

August retail sales increased by 0.1%, surpassing Wall Street predictions of a decline. A Bank of America survey indicated that 79% of investors expect a soft landing for the economy amid the Federal Reserve's upcoming interest rate cuts. Additionally, Intel's shares rose following news of the company spinning off its foundry business into a separate entity.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis