U.S. Retail Sales Beat Expectations; ECB Speeds Rate Cuts to Boost ...

Oct 18, 2024 · U.S. Retail Sales Beat Expectations; ECB Speeds Rate Cuts to Boost Sagging Economy; Chinese Growth Slows as Stimulus Hope Ebbs Provided by Dow Jones Oct 18, 2024 11:16am

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Global Stocks Rise As US Retail Sales Climb More Than Expected And …

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Oct 17, 2024 · The European Central Bank (ECB) has cut interest rates, by 25 bps, for its third time this year. The move lowers the rate that the ECB pays on banks' deposits to 3.25%, and …

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US Economy Still Resilient As Retail Sales Beat Expectations, Layoffs ...

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Dec 14, 2023 · US economy still resilient as retail sales beat expectations, layoffs stay low ... and the slower the Fed responds with rate cuts." Retail sales increased 0.3% last month after …

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US Retail Sales Unexpectedly Rise, Lowering Odds For Big Rate Cut

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Sep 17, 2024 · Retail sales ticked up 0.1% last month, below expectations as traders are hoping for interest rate cuts. AP. The better-than-expected numbers — which reflect solid household …

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US Retail Sales Beat Expectations In Boost To Third-quarter GDP …

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Oct 17, 2023 · Retail sales are mostly goods and are not adjusted for inflation. They rose 3.8% year-on-year in September. Despite the show of resilience, headwinds are rising for consumers.

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US Economy Still Resilient As Retail Sales Beat Expectations, Layoffs ...

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Dec 14, 2023 · Retail sales increase 0.3% in November; Core retail sales rise 0.4%; October sales revised lower; Weekly jobless claims fall 19,000 to 202,000

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[News] U.S. Retail Sales Beat Expectations In August, But Markets …

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Sep 18, 2024 · The U.S. Retail sales rose by 0.1% month-over-month in August, down from 1% in July, but better than market expectations of -0.2%. On a year-over-year basis, retail sales …

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US Retail Sales Beat Expectations In Boost To Third-quarter GDP …

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Oct 17, 2023 · But consumers cut back on purchases of other big-ticket items like electronics and appliances, with sales at these outlets falling 0.8%. Receipts at building material, garden …

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U.S. Retail Sales Tick Up In Boost To Economy - Newsweek

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Sep 17, 2024 · As the Fed meets to decide on a rate cut, Wall Street is betting on a half-point reduction from the current 5.3%, the highest level in 23 years. Some policymakers may be …

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FAQs about U.S. Retail Sales Beat Expectations; ECB Speeds Rate Cuts to Boost ... Coupon?

Will ECB cut interest rates this afternoon?

The European Central Bank (ECB) is expected to cut interest rates this afternoon for its third time this year, taking its deposit rate to 3.25%. Policymakers are under pressure to cut after eurozone inflation was estimated to fall below the 2% target in September. ...

Why did retail sales increase more than expected in September?

WASHINGTON, Oct 17 (Reuters) U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars, cementing expectations that economic growth accelerated in the third quarter. ...

Will the ECB deliver a 0.25% rate cut?

Spooked by weaker PMI business survey data, the ECB is likely to deliver a 0.25% rate cut. "Recent cooling in inflation data means they’re less burdened by potential price pressures. With minimal pushback from ECB members, markets would be surprised if a cut didn’t happen. ...

Will the ECB pause evolve to a rate cut?

“Our view after the last ECB meeting was that the indicated pause at October could evolve to a rate cut if data warranted and the Fed delivered a 50bp reduction when commencing its rate normalisation process. Both these occurred, and ECB messaging shifted to signal back-to-back cuts. ...

Is the ECB cut still significant?

The statement pins this on a disinflationary process that is well on track, and recent downside surprises to activity indicators. "The cut is still significant in the sense that the ECB has accelerated the easing cycle with the back-to-back cut. ...

How did retail sales perform in September?

Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.6% in September. Data for August was revised up to show these so-called core retail sales gaining 0.2% instead of 0.1% as previously reported. Core retail sales correspond most closely with the consumer spending component of GDP. ...