Reported 8 days ago
U.S. retail sales saw a slight increase in October, surpassing forecasts as households spent more on automobiles and electronics, indicating economic resilience at the start of the fourth quarter. The Commerce Department reported a 0.4% rise in sales following a revised 0.8% gain in September. This positive data suggests potential reassessment of interest rate cuts by the Federal Reserve, as solid consumer spending supports growth amid concerns about inflation and economic stability.
Source: YAHOO