Announcement: The US will release September retail sales data tonight at 9:30, which may strengthen expectations for a rate cut in December.

BlockBeats news, on November 25, at 9:30 PM Beijing time on Tuesday, the U.S. Census Bureau will release the U.S. retail sales data, known as the “terrible data,” which has been delayed for more than a month due to the government shutdown. It is expected to show that consumer spending slightly slowed in September. This may indicate that American households have reached their spending limits after months of inflation shocks. Additionally, the risk of cooling consumer spending remains as many employers have reduced hiring. According to the median forecast from a Bloomberg survey, economists expect retail sales in September to rise by 0.4%, compared to a 0.6% increase in the previous month. Bloomberg economists stated that the labor market conditions have improved slightly after hitting a low in the summer. However, the partial federal government shutdown in October has brought new shocks to hiring and consumer spending. “Overall, we believe the Fed will be able to cut rates in December, and it likely should do so to maintain the fragile recovery that began in the summer.”