US consumers more resilient than expected; retail sales up 0.4% in September

17 October 2024

 

Summary: US retail sales up 0.4% in September, more than expected; annual growth rate slows to 1.7%; Westpac: US consumers more resilient than previously expected; US Treasury yields up; rate-cut expectations soften; Westpac: control group sales up 0.7%; higher sales in ten of thirteen categories; food services & drinking places largest single influence on month’s result. US retail sales had been trending up since late 2015 but, commencing in late...

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