Published on 17 Dec 2024 on Benzinga
Stocks Slip As Strong November Retail Sales Raise Concerns Over 2025 Fed Rate...
Wall Street began Tuesday’s session on a weaker note, with major indices slipping after November's robust retail sales report reignited investor concerns that the Federal Reserve might hold back interest rate cuts next year.
The data, which underscored resilient consumer spending heading into the holiday season, added a fresh layer of uncertainty to the Fed's future rate path ahead of Wednesday’s highly awaited December Federal Open Market Committee meeting.