Soaring Holiday Sales and Fed’s Possible Rate Cut | Episode 194 | 12-17-24
Can a string of robust retail sales figures foretell the Federal Reserve’s next move on interest rates? In this episode, Verdence CIO Megan Horneman recaps November’s retail sales report that exceeded expectations for three months in a row. Amidst the holiday shopping frenzy, auto sales and a surge in internet shopping have influenced the retail landscape, while sectors like clothing and department stores lag. This economic snapshot provides insights as the Fed prepares for its pivotal meeting.
Tomorrow’s Federal Reserve meeting could signal the next chapter for interest rates, and Megan breaks down the possibilities. A 25 basis point cut might be on the horizon, but the Fed’s balancing act between stimulating the economy and managing inflation is anything but straightforward.
There’s a potentially hawkish tone from the central bank, hinting at a pause in rate cuts heading into 2025. Stay tuned and subscribe now to catch our post-meeting analysis.
