The latest US retail sales increased by 0.4% MoM in September, exceeding consensus expectations and indicating strong consumer spending, critical for economic growth.
The control group metric for retail sales surged by 0.7% MoM, the fastest pace since June, showcasing a positive outlook on GDP growth.
Strong bank earnings and solid economic data are contributing factors that bolster confidence in a successful earnings season and sustained equity market growth.
The Atlanta Fed's Q3 GDPNow forecast rose to 3.4% annual QoQ, indicating a robust pace of economic expansion that reflects confidence in US economic resilience.
Collection
[
|
...
]