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TechFlow news, on October 17, according to Jinshi News, US retail sales in September rose slightly more than expected, supporting the view that the economy maintained strong growth in the third quarter. US September retail sales month-on-month came in at 0.4%, compared to an unadjusted gain of 0.1% in August. Signs of economic recovery may not stop the Fed from cutting rates again next month, but would reinforce expectations for a 25 basis point rate cut.
On October 17, according to Jinshi News, US retail sales in September rose slightly more than expected, supporting the view that the economy maintained solid growth in the third quarter. US September retail sales month-on-month came in at 0.4%, compared to an unadjusted increase of 0.1% in August. Signs of economic recovery may not stop the Fed from cutting rates again next month, but would reinforce expectations for a 25 basis point rate cut.
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