U.S. retail sales in October exceeded expectations, and traders reduced their bets on a Fed rate cut in 2025

According to BlockBeats, on Thursday, November 15, the monthly rate of U.S. retail sales in October was 0.4%, higher than the expected 0.3%, and the previous value was revised up from 0.4 to 0.8%. Retail sales grew steadily in October as U.S. consumers showed a continued willingness to consume.

After the data was released, spot gold fell in the short term and then rose, with a short-term fluctuation of $6; the short-term increase of the US dollar index expanded to more than 30 points. The unexpected retail sales data made traders cut their bets on the Fed's interest rate cut in 2025. (Jinshi)