Back to News
Market Impact: 0.4
U.S. Retail Sales Jump 1.2% In August, Much More Than Expected
Source: Nasdaq
Economic DataConsumer Demand & Retail
U.S. retail sales increased by much more than expected in August, according to the Commerce Department. The stronger-than-forecast consumer-spending data signals resilient household demand and could support growth expectations, while potentially tempering expectations for rapid monetary easing.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly positive
Sentiment Score
0.35
More News
- Oil prices extend losses as fears of Middle East supply disruptions ease
- 'Science fiction': Transport companies — the backbone of economy — are sounding alarm on fuel prices
- What to know about US Federal Reserve’s first interest rate hike in 3 years
- Investors react to Fed hike and market sell-off: Brace for 'higher for longer' rates
- Fed’s Warsh lays out forces driving up bond yields
- The Fed unanimously agrees to hike interest rates for the first time since 2023, despite Trump’s call for the ‘lowest rates’ in the world