U.S. retail sales rose slightly in September, but lost momentum after several months of strong performance.
the U.S. Department of Commerce released the retail sales data for September on Tuesday, which had been delayed due to the government shutdown. On an unadjusted basis, retail sales in September increased by 0.2%, lower than the 0.6% growth in August. Excluding automobiles and gasoline, retail sales only grew by 0.1%. Out of 13 categories, 8 recorded growth, mainly driven by sales at gas stations, personal care stores, and other miscellaneous retailers. Motor vehicle sales declined for the first time in four months. Retail sales of electronics, clothing, and sporting goods also fell. Consumer momentum weakened at the end of the third quarter. Although overall spending was supported by high-income consumers benefiting from a strong stock market, low-income consumers showed signs of tightening. Rising prices and a weakening job market have made many shoppers more cautious and pushed consumer confidence close to historic lows. This income gap has been a focus of Federal Reserve officials. There is a clear division among Fed policymakers on whether to cut rates again at next month's meeting. Currently, investors still believe the possibility of a rate cut in December is greater than no cut.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: Ripple Gains Abu Dhabi Approval, Igniting a Blockchain Healthcare Transformation
- Ripple's RLUSD stablecoin gains ADGM approval as a regulated fiat-referenced token, boosting institutional adoption in the Middle East. - XRP Healthcare launches HIPAA-grade XRPH Wallet in U.S. and East Africa, targeting $595B healthcare markets with real-time XRP/RLUSD payments. - Wallet enables 3-5 second settlements at <$0.001 fees, aiming to capture 3-5% of a $595B market through blockchain-driven pharmacy networks. - Low-cost cross-border settlements and open-source design position RLUSD and XRPL as
UK's aspirations in artificial intelligence face obstacles as tax regulations stifle the expansion of the crypto sector
- UK Autumn Budget by Chancellor Rachel Reeves sparks mixed reactions, with crypto industry concerned over tax hikes and gilt sales impacting competitiveness. - Playtech highlights increased Remote Gaming Duty and Betting Rate, projecting up to €15M EBITDA reduction in 2026 due to higher taxes. - Government unveils £10B AI Growth Zone in Wales and £100M startup funding to boost tech leadership, despite fiscal challenges. - Sustainable mobility sector welcomes untouched Cycle to Work scheme, aiding affordab
DASH Aster DEX: Transforming DeFi Liquidity and Driving Institutional Integration in 2025
- DASH Aster DEX's hybrid AMM-CEX model combines transparency with efficiency, achieving $27.7B daily volume and $1.399B TVL in Q3 2025. - Cross-chain interoperability across BNB Chain, Ethereum , and Solana enables seamless transfers, while Aster Chain's ZKP technology processes 10,000 TPS. - Institutional adoption accelerates through privacy tools (77% transaction masking) and governance upgrades, highlighted by Binance CZ's $2M DASH purchase. - Strategic advantages include 40% lower slippage for liquidi
Bitcoin News Today: Bitcoin surges to $90K—Is this a sign of a new cycle or an early warning of another downturn?
- Bitcoin surged past $90,000 amid November's 29% drop from its October $126,000 peak, signaling a tentative recovery. - Ethereum , Solana , and other major cryptos rose 3-5%, while the Crypto Fear & Greed Index improved slightly to 15. - Technical indicators show Bitcoin testing critical levels, with analysts divided on whether $90,000 marks a cyclical bottom or temporary respite. - Institutional flows and on-chain data reveal mixed sentiment, as Fed policy uncertainty and bearish structures persist. - Lo
Trending news
MoreCrypto prices
More
