Fed May Cut Rates Again as Retail Sales Slow

Retail sales in the US slowed down in September, potentially indicating a cooling economy. Wholesale inflation also rose as expected. These factors could increase the likelihood of another Federal Reserve interest rate cut in December, as experts suggest. The economy heavily relies on consumer spending, especially during the holiday season, making it crucial for consumers to continue spending to maintain economic growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.