Global X Investment Strategy Director: Retail sales growth is slightly below the long-term average, but still growing at a moderate pace

According to Jinshi, Scott Helfstein, head of investment strategy at Global X, said that after better-than-expected U.S. retail sales in August, the Federal Reserve may take note of the continued strength of the consumer.

He pointed out that with a CPI inflation rate of 2.5%, a real interest rate of 300 basis points may be too high, and the Fed may initially cut interest rates by 25 basis points or 50 basis points.

Helfstein also noted that retail sales growth has been slightly below its long-term average in recent months, but is still growing at a moderate pace.