The retail sales report showed no signs of weak consumption, which reduced the probability that the Federal Reserve would cut interest rates in November from 95% to 87%. Non-physical retailers continued to perform strongly, up 7.1% from last year. Food services and beverages also performed well, up 3.7% year over year, which is a good sign of consumer health. Strong sales data shows that consumption has shown resilience in the face of rising inflation and rising interest rates.

Zhitongcaijing · 10/17 12:49
The retail sales report showed no signs of weak consumption, which reduced the probability that the Federal Reserve would cut interest rates in November from 95% to 87%. Non-physical retailers continued to perform strongly, up 7.1% from last year. Food services and beverages also performed well, up 3.7% year over year, which is a good sign of consumer health. Strong sales data shows that consumption has shown resilience in the face of rising inflation and rising interest rates.