US retail sales rose 0.7% in November, surpassing economists’ expectations of a 0.6% increase. The American consumer remains resilient as the holiday shopping season kicks off strong!

• Revised October Data Adds More Optimism
  October retail sales were revised upward to 0.5% (previously 0.4%), further fueling confidence in consumer spending.

• Mixed Results on Excluding Auto & Gas
  Sales excluding auto and gas grew by 0.2%, missing estimates of 0.4%. However, the “control group” — which feeds into GDP — matched expectations with a 0.4% increase.

• All Eyes on the Federal Reserve
  Investors await Jerome Powell’s press conference and the Summary of Economic Projections on Wednesday. Will the Fed maintain its cautious stance or signal a pivot?

• Markets Price in a Rate Cut
  The CME FedWatch Tool suggests a 97% chance of a 25 basis point rate cut on Wednesday. Can this boost markets further into year-end?

The US economy’s resilience is keeping markets optimistic! Are we heading for a smoother landing in 2025? Let’s watch the Fed’s next move closely!

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