## Recent Surge in US Retail Sales Yesterday, the US [retail sales](https://www.fxstreet.com/economic-calendar) exhibited a robust performance. Interestingly, this coincided perfectly with the European Central Bank’s rate cut, released just 15 minutes earlier. Such timing set the stage for another uptick in the [US Dollar](https://www.fxstreet.com/currencies/us-dollar-index) (USD), as mentioned by Francesco Pesole, an FX analyst at ING.ING Predicts Continued Strength for the Dollar
A Bit of a Kerfuffle in the Markets On Wednesday, the Federal Reserve did precisely as the investors requested by slashing interest rates by an unexpected 50 basis points. Yet, the dramatic cut failed to thrill the markets. Although stocks initially soared after the announcement, they soon plummeted, with all three major U.S. indices endingStock Market Declines Following Unprecedented Fed Rate Reduction: Expert Analysis
US Stocks Edge Higher Amid Speculation of Jumbo Fed Rate Cut Market Overview US stocks saw a modest uptick on Friday, paving the way for robust weekly gains. This optimistic shift came after Wall Street’s anticipations for a substantial interest rate cut by the Federal Reserve soared overnight. Key Index Movements The S&P 500 (^GSPC)Markets Surge as Major Fed Rate Cut Becomes Likely
Federal Reserve’s Aggressive Interest Rate Cuts Forecast Rajeev Dhawan’s Expectations According to Rajeev Dhawan, Director of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business, the Federal Reserve is poised for a series of "practically aggressive" interest rate cuts. These cuts, beginning in September 2024, will total 175 basis pointsEconomic Expert Rajeev Dhawan Predicts Several Significant Rate Reductions by the Fed Within Six Months