U.S. retail sales month-on-month in September recorded 0.4%, reinforcing expectations for a 25 basis point rate cut by the Federal Reserve

ChainCatcher news, according to Jin10, U.S. retail sales in September increased slightly more than expected, supporting the view of strong economic growth in the third quarter. U.S. retail sales month-on-month in September recorded 0.4%, while the unadjusted increase for August was 0.1%. Signs of economic recovery may not prevent the Federal Reserve from cutting interest rates again next month, but will reinforce expectations for a 25 basis point cut.