Retail sales beat estimates heading into holidays
Consumer spending remains strong despite higher interest rates. American consumers continue to spend despite economic headwinds, with retail sales exceeding expectations. The Data Retail sales growth: 0.7% month-over-month (expected 0.3%) Online sales: Up 1.6% Restaurants: Strong 1.0% gain Consumer Resilience Despite higher interest rates and persistent inflation concerns, consumers are opening their wallets: Strong […]
Markets rally as Fed signals potential rate pause in 2025
The Federal Reserve hinted at a more dovish stance, sending stocks higher across all sectors. The Federal Reserve sent shockwaves through financial markets today with signals that interest rate hikes may be coming to an end sooner than expected. What Happened Fed Chair Jerome Powell indicated in his latest press conference that the central bank […]
Bitcoin holds above $100K amid institutional buying
Major institutions continue accumulating BTC as it consolidates above the historic milestone. Bitcoin continues to trade above the $100,000 mark as institutional investors maintain their buying pressure. The Current State After breaking through the psychological $100K barrier last week, Bitcoin has shown remarkable stability. Rather than experiencing the volatile pullback many expected, BTC has consolidated […]
Inflation data comes in lower than expected
CPI report shows cooling prices, boosting hopes for a soft landing. The latest Consumer Price Index (CPI) report brought welcome news for the economy, showing inflation continuing to moderate. The Numbers Headline CPI: 2.7% year-over-year (expected 2.9%) Core CPI: 3.1% (expected 3.3%) Month-over-month: 0.1% (expected 0.2%) What’s Driving the Decline Several factors contributed to the […]