Fed


2024-10-18

[News] U.S. Retail Sales Stay Strong in September, Fueled by Higher-Income Households

According to data released by the U.S. Census Bureau on October 17, U.S. retail sales remained strong in September. Retail sales increased by 0.4% month-over-month, exceeding both the previous month’s 0.1% growth and the market expectation of 0.3%. Breaking down the details, 10 out of 13 major ...

2024-10-11

[News] U.S. CPI Continued to Decline in September, Market Holds Steady on Rate Cut Expectations

The U.S. Consumer Price Index (CPI) continued to decline in September, according to data released by the U.S. Bureau of Labor Statistics on October 10. The year-over-year CPI growth rate was 2.4%, down 0.1% from the previous month. Although slightly above the market expectation of 2.3%, it remains t...

2024-09-24

[News] FED Rate Cut Drives Gold Prices to a New All-Time High

The Fed announced a 50-basis-point rate cut last week, sparking expectations of further rate reductions and driving gold prices to new highs. On the 23rd, gold prices surged to an all-time high. On September 23, gold futures on the COMEX, the world’s largest gold futures exchange, soared to a r...

2024-09-19

[News] Fed FOMC Summary: Fed Rate Cut by 50 bps, SEP Suggests Two More Rate Cut in 2024

The Federal Reserve held its FOMC meeting on September 18, announcing a 50-basis point cut to the federal funds rate, lowering it to a range of 4.75% to 5%. In its post-meeting statement, the Fed noted that the labor market had shifted from moderate growth to a slowdown, and its confidence in inflat...

2024-09-18

[News] U.S. Retail Sales Beat Expectations in August, but Markets Still Bet on Aggressive Fed Rate Cuts

The U.S. retail sales slightly increased in August, as reported by the U.S. Census Bureau on September 17. The U.S. Retail sales rose by 0.1% month-over-month in August, down from 1% in July, but better than market expectations of -0.2%. On a year-over-year basis, retail sales grew by 2.1%, lower th...

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