U.S. October Retail Sales Beat Expectations, Traders Trim Bets on Fed Rate Cut in 2025

BlockBeats News, November 15, Thursday: The US retail sales m/m for October recorded 0.4%, higher than the expected 0.3%, with the previous value revised from 0.4 to 0.8%. Due to the continued willingness of US consumers to spend, retail sales in October showed a steady increase.

After the data was released, spot gold initially fell before rebounding, with a short-term volatility of $6; the US Dollar Index saw its short-term gains expand to over 30 points. The better-than-expected retail sales data prompted traders to reduce their bets on a Fed rate cut in 2025. (FX678)