<\/p>\n\n\n\n
Retail sales in the U.S. increased by 0.4% in September, surpassing expectations and signaling continued economic resilience in the third quarter. This follows a modest 0.1% gain in August, according to the Commerce Department. Economists had anticipated a 0.3% rise, with estimates ranging from no change to an 0.8% increase.<\/p>\n\n\n\n
The stronger-than-expected retail performance supports views that the U.S. economy maintained solid growth, with third-quarter growth estimates hovering around a 3.2% annualized rate. In contrast, the economy grew at a 3.0% pace in the second quarter.<\/p>\n\n\n\n
Despite this strength, it is unlikely to deter the Federal Reserve from further cutting interest rates. Analysts expect a smaller 25-basis-point reduction in November, following last month’s 50-basis-point cut that brought rates to a range of 4.75%-5.00%.<\/p>\n\n\n\n
Retail sales excluding autos, gasoline, building materials, and food services\u2014key indicators closely linked to consumer spending\u2014rose by 0.7% in September, reflecting strong underlying economic activity. Robust income growth, savings, and strong household balance sheets continue to underpin consumer spending, despite a slight slowdown in labor market momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"
Retail sales in the U.S. increased by 0.4% in September, surpassing expectations and signaling continued economic resilience in the third quarter. This follows a modest 0.1% gain in August, according to the Commerce Department. Economists had anticipated a 0.3% rise, with estimates ranging from no change to an 0.8% increase. The stronger-than-expected retail performance supports …<\/p>\n","protected":false},"author":9,"featured_media":32719,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,39,36],"tags":[6933,10703,10704,7002,8051],"class_list":["post-107287","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-amazon","tag-auto-sales","tag-petrol-stations","tag-retail-sales","tag-target"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=107287"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107287\/revisions"}],"predecessor-version":[{"id":107288,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107287\/revisions\/107288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32719"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}