From Investing.com: 2024-09-17 08:55:29

US retail sales unexpectedly rose by 0.1% in August, calming fears of an economic slowdown before the Fed’s interest rate decision this week. Core retail sales, excluding certain sectors, increased by 0.3%. Economists had anticipated a 0.2% decline. The Federal Reserve is expected to start an easing cycle, with a 67% chance of a 50-basis point rate cut. Former New York Fed President Bill Dudley argues for a large cut to support the economy. Despite some challenges, analysts believe US consumers remain resilient, alleviating recession concerns. Following the retail sales data, US stock futures rose, and the 2-year Treasury yield increased.



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