Markets News

U.S. December retail sales unexpectedly stalled, yet Fed officials downplay urgency of rate cuts!

· Fed's Hammark: Economic outlook is positive, inflation remains high, no urgent need to cut interest rates this year. This news is positive for the US dollar. · U.S. December retail sales month-on-month recorded 0%, below the forecast median of 0.4%, previous value 0.60%. This news is bearish for the U.S. dollar. · ADP Report: In the four weeks ending January 24, the number of employed persons in the U.S. private sector increased by an average of 6,500 per week. This news is bullish for the U.S. dollar and U.S. stocks.

Harvey

2026-02-11 08:42:06

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