US Fed Rate Cut of 50 Bps Clouded By Retail Sales and Jobless Claims; ECB Cuts Rate

September brought stronger-than-expected growth in retail sales that clouded possible US Fed rate cut. This, coupled with an unexpected drop in new jobless claims gives a potential, short-lived boost to the economy and crypto market. Meanwhile, the ECB resorted to a third rate cut this year influenced by the weak growth outlook and the inflation The post US Fed Rate Cut of 50 Bps Clouded By Retail Sales and Jobless Claims; ECB Cuts Rate appeared first on CoinGape .

Source: CoinGape