Core retail sales , which exclude autos and gasoline, rose 0.2% for the second straight month in November , below the consensus estimate of 0.4%.
U. retail sales increased at a solid pace in November, driven largely by a surge in motor vehicle purchases, masking mixed performance in other areas of consumption.
Of the 13 categories reported, seven saw increases.
Among them, November's auto sales data was the strongest in three years. This is mainly due to the decline in interest rates, and dealers are offering large yearend discounts.
The increase in retail sales was driven by a 2.4% monthonmonth increase in automobile and auto parts sales and a 1.8% increase in online sales.
Ecommerce sales rose 1.8%, helped by Black Friday and Cyber Monday mexico phone number list promotions that generated huge sales on platforms like Amazon.
Markets await rate cuts
This week, the Federal Reserve holds a twoday policy meeting, and the market generally expects a 25 basis point interest rate cut.
This may be the third action this year since the Federal Reserve launched its easing cycle in September.
The Fed has always emphasized that its policy path depends on economic data.
Judging from historical trends, the Robot ETF 562500 has had two pullbacks since October, lasting 1 to 2 weeks and with a range of about 10%. There have been five trading days in the new round of correction since December 11, with a correction range of 8.45%. Investors can continue to pay attention to the turning point opportunities that may appear next.