US retail sales increase solidly in September By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
0mins
Source: Investing.com
Retail Sales Growth: U.S. retail sales rose by 0.4% in September, exceeding expectations and indicating a strong economic growth pace for the third quarter, supported by solid income growth and low layoffs.
Federal Reserve Interest Rates: Despite the positive retail sales data, the Federal Reserve is expected to continue its interest rate cuts, with a smaller reduction anticipated next month following a significant cut last month.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
