US RETAIL SALES ROSE LESS THAN FORECAST IN SEPTEMBER AS KEY DATA RETURNS AFTER SHUTDOWN DELAYS

Summary from the TLDR Marketing newsletter

US retail sales rose 0.2% in September, which missed the expected 0.4% and signaled a slowdown from the 0.6% gain in August. Consumers appear resilient but more selective as major retailers reported pressure on lower and middle-income households. Investors now estimate an 85% chance of an interest rate cut in December after the weaker retail and producer price data.