U.S. October retail sales growth unexpectedly stalls, economic momentum may face tests

【BlockBeats】Data released on December 16th shows that US retail sales in October remained flat—month-over-month growth was 0%, below the market expectation of 0.1% growth. Notably, the previous month’s data was also revised downward, from 0.2% to 0.1%. This set of data reflects signs of a slowdown in consumer momentum. Retail sales, as an important indicator of US consumer spending, often influence the movement of the US dollar and risk assets (including cryptocurrencies). Market participants should closely monitor subsequent economic data to assess the likelihood of Federal Reserve policy adjustments.