Reported 8 days ago
Economist Chris Rupkey from FWDBONDS LLC discusses the implications of October's retail sales growth, which rose by 0.4%, for the market and Federal Reserve policies. He indicates that the Fed has outlined a 'game plan' suggesting they are slow to adjust interest rates, likely influenced by the rapid changes from the Trump administration. Despite uncertainties ahead, Rupkey believes robust consumer demand is a positive indication for economic growth, projecting a 2.5% growth rate for 2024.
Source: YAHOO