US retail sales fall reinforces bets Fed holds rates
US Retail Sales MoM printed -0.6% versus 0.1% forecast and 0.2% prior, reinforcing expectations the Federal Reserve will keep interest rates unchanged, with USD weaker and S&P 500 stronger.
Story updates
03:17:31 PM UTC
SquawkNews
Wall Street stocks churned as signs of slowing economic activity strengthened expectations that the Federal Reserve will keep rates steady to avoid further weakening. [08:30 ET] US Retail Sales MoM Actual -0.6% (Forecast 0.1%, Previous 0.2%) [USD Weakness, S&P 500 Strength]
03:24:30 PM UTC
SquawkNews
Wall Street stocks edged lower as signs of slowing economic activity strengthened expectations that the Federal Reserve will keep rates steady to prevent further weakness. [08:30 ET] US Retail Sales MoM Actual -0.6% (Forecast 0.1%, Previous 0.2%) [USD Weakness, S&P 500 Strength]
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