The increase in retail sales in the US in September was slightly higher than expected, supporting the view that the economy maintained strong growth in the third quarter. Retail sales in the US recorded a monthly rate of 0.4% in September, compared to an uncorrected increase of 0.1% in August. Signs of economic recovery may not stop the Federal Reserve from cutting interest rates again next month, but they will reinforce expectations of cutting interest rates by 25 basis points.

The increase in retail sales in the US in September was slightly higher than expected, supporting the view that the economy maintained strong growth in the third quarter. Retail sales in the US recorded a monthly rate of 0.4% in September, compared to an uncorrected increase of 0.1% in August. Signs of economic recovery may not stop the Federal Reserve from cutting interest rates again next month, but they will reinforce expectations of cutting interest rates by 25 basis points.