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Retail sales surpassed Wall Street's estimates in August, as investors keep a close eye on any signs of a slowdown in consumer spending. The data comes as the Federal Reserve's two day policy meeting kicks off in Washington with the central bank widely expected to cut interest rates as economic growth data slows and inflation lessens. Retail sales rose 0.1% ...
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The timing of the Fed’s first interest rate cut of the cycle has been the dominant market theme all year, but since the summer, the narrative has changed to the size of the cut, not when. Nevertheless, after much frenzied speculation, the moment of truth has arrived, and the Fed is almost certain to begin its long-awaited easing cycle on Wednesday. Until a ...
Sessions