Retail sales rose 0.4% in September, better than expected; jobless claims dip
Consumer spending held up in September, underscoring a resilient economy.
Consumer spending held up in September, underscoring a resilient economy.
Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank of England’s 2% target since April 2021.
In fact, economists at Goldman Sachs think the Fed may already be there.
The producer price index was expected to show a 0.1% increase in September, according to the Dow Jones consensus.
The U.K. economy had previously recorded modest but steady expansion in almost every month this year, but flatlined recently.