Reported 22 days ago
Retail sales in August surpassed Wall Street predictions, increasing by 0.1% despite expectations of a decrease. This data arrives as the Federal Reserve's policy meeting begins, with widespread anticipation of an interest rate cut due to slowing economic growth and easing inflation. Excluding auto and gas sales, the increase was 0.2%, slightly below estimates. The stronger sales suggest that consumer spending remains robust, alleviating recession fears.
Source: YAHOO