BREAKING: US retail sales higher than expected! US500 loses 📉

1:31 PM 17 October 2023

US Retail sales m/m: 0,7% vs 0,3% exp and 0,6% previously
US core retail sales mm/m 0,6% vs 0,2% exp. and 0,6% previoulsy

In first reaction we can see weaker sentiments on Wall Street becuase strong sales reading may be a signal that Fed will have to increase interest at least once more time. US consumers are still strong.

US500 reaction after the reading

Source: xStation5

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US Retail sales readings (charts)

Source: XTB Research, US Census Bureau, Bloomberg Finance LP

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