Reported 22 days ago
In August, US retail sales unexpectedly rose by 0.1%, contrary to economists' predictions of a 0.2% drop. While consumer spending is showing signs of slowing, it is not occurring rapidly, and auto sales also reflect resilient consumer demand despite higher interest rates. Experts believe this data will likely be revised, and the Federal Reserve will consider it cautiously when deliberating interest rate adjustments.
Source: YAHOO