In September, retail sales in the US saw stronger growth than predicted, which may impact the possibility of a rate cut by the US Federal Reserve. Additionally, there was an unexpected decrease in new jobless claims. These factors could potentially provide a temporary boost to the economy and the cryptocurrency market.
- Content Editor ( coingape.com )
- 2024-10-17
US Fed Rate Cut of 50 Bps Clouded By Retail Sales and Jobless Claims; ECB Cuts Rate