US Retail Sales Data to Influence Federal Reserve Rate Decision

According to BlockBeats, on September 16, ahead of the Federal Reserve's interest rate decision, the United States retail sales data, often referred to as 'terror data,' will be released. UBS has indicated that they are closely monitoring retail sales and industrial production data. Weakness in these figures could prompt the Federal Reserve to lower the federal funds rate by 50 basis points instead of 25 basis points. UBS stated that U.S. inflation has slowed to a level that justifies a rate cut. The institution outlined their 'base expectation,' which includes a total rate cut of 100 basis points by the Federal Reserve for the remainder of this year, followed by an additional 100 basis points cut in 2025. UBS added that as the pace of rate cuts accelerates, the U.S. dollar is expected to decline further, while gold prices are anticipated to rise.