The post US Retail Sales and September PPI Data Preview: Slower Consumer Spending and Likely December Fed Rate Cut appeared on BitcoinEthereumNews.com. COINOTAG News reports that on November 25 at 9:30 PM Beijing time, the U.S. Census Bureau will release the delayed retail sales and PPI data for September. The report, postponed by the government shutdown, is expected to show a modest deceleration in consumer spending as households appear to be nearing a spending plateau after persistent inflation. With hiring cooling in some sectors, the spending risk remains a key macro driver for risk assets, including cryptocurrencies. According to a Bloomberg median forecast, September retail sales are seen rising 0.4%, following a 0.6% gain in August. Economists note that labor market conditions have improved somewhat from the summer lull, even as the October partial federal shutdown continues to weigh on hiring and consumer demand. Taken together, market commentary suggests the Federal Reserve rate cut in December to sustain the fragile recovery, a path that could shape liquidity and sentiment across risk assets, including cryptocurrencies. Source: https://en.coinotag.com/breakingnews/us-retail-sales-and-september-ppi-data-preview-slower-consumer-spending-and-likely-december-fed-rate-cutThe post US Retail Sales and September PPI Data Preview: Slower Consumer Spending and Likely December Fed Rate Cut appeared on BitcoinEthereumNews.com. COINOTAG News reports that on November 25 at 9:30 PM Beijing time, the U.S. Census Bureau will release the delayed retail sales and PPI data for September. The report, postponed by the government shutdown, is expected to show a modest deceleration in consumer spending as households appear to be nearing a spending plateau after persistent inflation. With hiring cooling in some sectors, the spending risk remains a key macro driver for risk assets, including cryptocurrencies. According to a Bloomberg median forecast, September retail sales are seen rising 0.4%, following a 0.6% gain in August. Economists note that labor market conditions have improved somewhat from the summer lull, even as the October partial federal shutdown continues to weigh on hiring and consumer demand. Taken together, market commentary suggests the Federal Reserve rate cut in December to sustain the fragile recovery, a path that could shape liquidity and sentiment across risk assets, including cryptocurrencies. Source: https://en.coinotag.com/breakingnews/us-retail-sales-and-september-ppi-data-preview-slower-consumer-spending-and-likely-december-fed-rate-cut