U.S. retail sales rose slightly in September, but lost momentum after several months of strong performance.
the U.S. Department of Commerce released the retail sales data for September on Tuesday, which had been delayed due to the government shutdown. On an unadjusted basis, retail sales in September increased by 0.2%, lower than the 0.6% growth in August. Excluding automobiles and gasoline, retail sales only grew by 0.1%. Out of 13 categories, 8 recorded growth, mainly driven by sales at gas stations, personal care stores, and other miscellaneous retailers. Motor vehicle sales declined for the first time in four months. Retail sales of electronics, clothing, and sporting goods also fell. Consumer momentum weakened at the end of the third quarter. Although overall spending was supported by high-income consumers benefiting from a strong stock market, low-income consumers showed signs of tightening. Rising prices and a weakening job market have made many shoppers more cautious and pushed consumer confidence close to historic lows. This income gap has been a focus of Federal Reserve officials. There is a clear division among Fed policymakers on whether to cut rates again at next month's meeting. Currently, investors still believe the possibility of a rate cut in December is greater than no cut.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zcash News Today: Zcash's Approach to Privacy: Is It a Partner or Rival to Bitcoin in the Changing Crypto Landscape?
- Zcash (ZEC) leads privacy coin resurgence in 2025, generating $47.5M in fees (560% surge) and ranking fourth globally in blockchain fee share. - OKX relisting triggered 12% price jump to $600, fueled by quantum-resistant upgrades, Winklevoss-backed $150M investment, and U.S. regulatory shifts. - Privacy coin debate intensifies: critics warn Zcash could split Bitcoin's institutional support, while proponents highlight its quantum-safe governance and 11,590 daily active wallets. - Emerging rivals like Ghos
Bitcoin Updates Today: 2025 Cloud Mining Surge: Automation and Easy Access Propel Widespread Crypto Adoption
- 2025 cloud mining platforms like WPahash enable free XRP/BTC/DOGE mining via mobile apps, offering $100 bonuses and 16 EH/s hashrate for U.S.-compliant investors. - Swiss platforms leverage AI-optimized mining and renewable energy, with Geo Therm Farm Max delivering 8.8% ROI in two days through 241 TH/s hashrate. - Dogecoin cloud mining surges via Hashj's 28.3 EH/s infrastructure and $118 bonuses, aligning with 2026 green energy expansion goals. - Analysts predict 35% annual growth in cloud mining adopti
ARK Favors Technology and Industrial Sectors While Tesla Faces Worldwide Regulatory Challenges
- ARK Innovation ETF sold $11.4M Tesla shares in Nov 2025, reallocating to Coinbase and Deere amid regulatory risks. - Tesla faces trademark disputes in India and delayed FSD approval in Europe, complicating its growth trajectory. - ARK boosted Coinbase exposure for crypto adoption and Deere for industrial automation amid resilient construction demand. - Institutional investors increasingly favor companies with clear regulatory pathways and scalable business models over uncertain tech bets. - The shift ref
Hyperliquid's (HYPE) Latest Price Rally: Unpacking the Hype Behind the Surge
- Hyperliquid's HYPE token surged in late 2025 due to TVL growth, product upgrades, and institutional adoption. - TVL reached $3.5B by June 2025 via EVM compatibility and HIP-3 fee cuts (0.0045%), attracting $50M+ daily inflows. - Robinhood listing triggered 13% price jump, with $100M+ whale positions and $8B daily volume on HyperliquidX. - Market sentiment remains split: RSI 17 suggests oversold conditions, but 10M token unlock risks $500M monthly supply overhang. - Institutional partnerships (Paxos USDG0
Trending news
MoreCrypto prices
More
