Stronger-than-expected retail sales figures have increased market expectations for a larger interest rate cut by the Federal Reserve. Analysts suggest the data makes a half-point reduction more likely, defying recent uncertainty over whether the Fed will opt for a quarter or half-point cut.
close to the actual decision as to what the Federal Reserve is going to do with interest rates. I love it. It's very old school!
I thought, when I saw the retail sales report this morning, that it would quickly solidify the case for just a quarter-point cut. It wasSales rose from July, with the"control" group that feeds into GDP up a healthy 0.3%, with upward revisions to July. No"weakening consumer" narrative here, with spending on track for a 2.6% annualized gain this quarter, per Oren Klachkin at Nationwide.
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