Overview
The U.S. stock market ended on a mixed note as investors awaited the Federal Reserve's interest rate decision. August retail sales showed a promising trend with a 0.6% increase, marking a three-month consecutive rise, while core retail sales grew by 0.7%.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
August retail sales exceeded expectations with a 0.6% increase over the previous month. This indicates sustained economic growth, yet investors are keenly observing potential changes in interest rate policies by the Federal Reserve. The focus is particularly on the dot plot and Chair Powell's press conference, which will provide insights into future monetary policy directions.
Tomorrow's Economic Indicators
| Time | Economic Indicator |
|---|---|
| 20:00 | U.S. MBA Mortgage Applications |
| 20:30 | U.S. August Housing Starts |
| 20:30 | U.S. August Building Permits |
| 20:45 | Canada Interest Rate Decision |
| 23:00 | U.S. Fed Interest Rate Decision |
| 23:30 | U.S. FOMC Press Conference |
General Opinion
Market experts suggest that a potential interest rate cut by the Fed could positively impact the economy by possibly preventing a recession, especially in a non-recessionary environment. Historical data supports that interest rate cuts in such situations often yield positive outcomes. However, short-term market volatility may arise depending on the Fed's meeting outcome, emphasizing the importance of strategic investment approaches.
