Analysts: US Retail Sales Data Unlikely to Have Major Impact on FOMC Policy
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September 17, 2024
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Institutional analysts believe that the US retail sales data is unlikely to have a significant impact on the FOMC policy report this week. Earlier news revealed that US retail sales unexpectedly rose in August, suggesting that the US economy remains on solid ground for most of the third quarter. Data shows that US retail sales grew 0.1% month-on-month in August, following a revised 1.1% increase in July. (Gold Ten)
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