Odaily星球日报讯 美国 10 月零售销售月率录得 0.4%，高于预期的 0.3%，前值从 0.4 上修至 0.8%。由于美国消费者表现出持续的消费意愿，10 月份零售额稳步增长，“恐怖数据”公布后，交易员削减了对 2025 年美联储降息的押注。

“恐怖数据”公布后交易员削减对2025年美联储降息的押注

Odaily Odaily reported that the monthly rate of retail sales in the United States in October was 0.4%, higher than the expected 0.3%, and the previous value was revised up from 0.4 to 0.8%. As American consumers showed a continued willingness to consume, retail sales grew steadily in October. After the release of the &quot;horrible data&quot;, traders cut their bets on the Federal Reserve&#39;s interest rate cut in 2025.

Traders cut bets on 2025 Fed rate cut after 'horrible data'

Odaily Planet Daily Report: After the release of PPI and initial jobless claims data, US Treasury yields rose slightly, and US short-term interest rate futures fell slightly; traders are still betting on the Fed cutting rates. (Gold Ten)

Traders still betting on Fed rate cuts after PPI, jobless claims

Odaily Planet Daily Report: Powell will deliver a speech this Friday to discuss interest rates and economic issues. Investors and economists will closely watch for his clues about the Fed's December interest rate decision and the policy outlook for 2025. In his recent remarks, Powell emphasized the Fed's dual mandate - the balanced risk of stabilizing inflation and supporting maximum employment. He described the Fed's path of rate cuts as the "normalization" of policy. The interest rate futures market pricing on Wednesday suggests that the probability of a 25-basis-point rate cut at the Fed's December 17-18 meeting exceeds 80%, while the probability of no rate cut is greater. The policymakers' update to their quarterly economic forecast summary in September showed a median forecast of a 1-percentage-point rate cut in 2024, followed by a 1-percentage-point rate cut in 2025. Officials will update the so-called "dot plot" at the December meeting, giving them an opportunity to signal the policy path for 2025 and beyond. (Gold Ten)

Investors are watching for clues about the Fed's December interest rate decision and next year's policy outlook in Powell's speech on Friday.

Odaily Planet Daily Report: Federal Reserve's Lael Brainard stated that the Federal Reserve will "most likely" need to cut rates further, but should "act with caution". If the Federal Reserve cuts rates excessively, beyond the neutral level, inflation may reaccelerate. The Federal Reserve has made "significant progress" in lowering inflation and restoring economic balance, and it is difficult to determine how many rate cuts are needed and how quickly they should be implemented. (Note: Brainard's remarks on Wednesday were prepared before the release of the October CPI data. (Gold Ten))