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10/25/2023 — Retail sales soared higher than expected in September, marking the sixth straight month of growth. Sales gains are an important factor for the Fed’s future monetary policy actions. While the Fed may leave rates unchanged at its next policy meeting, robust consumer spending keeps the pressure on the central bank.
Find more timely insights on the markets and economy in the October 2023 edition of Cycle Watch.

Author(s)

Mark Hackett, CFA, CMT

Chief of Investment Research, Nationwide Investment Management Group

Mark Hackett is the Chief of Investment Research for Nationwide’s Investment Management Group, bringing more than 20 years of experience in the asset management industry to the role.

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Ben Ayers headshot

Ben Ayers

Senior Economist

Ben Ayers is a Senior Economist with Nationwide Economics, supporting the company’s forecasting and macroeconomic analysis functions.

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Except where otherwise indicated, the views and opinions expressed are those of Nationwide as of the date noted, are subject to change at any time and may not come to pass.