Investors are grappling with the implications of strong US retail sales data, which could potentially disrupt the Federal Reserve's anticipated rate cut plans for 2025. The robust retail performance, fueled by increased car sales and strong online shopping activity, indicates a resilient US economy. This economic strength may lead the Fed to reassess its monetary easing strategy, especially in light of proposed inflationary import tariffs by the incoming administration, which could influence consumer prices and inflation expectations. The broader market remains cautious as traders evaluate these economic indicators amidst global monetary policy shifts.
The SPDR Portfolio S&P 500 Growth ETF (SPYG) closed at $91.05, down 0.36% from its previous close of $91.38, as of 16:20 on Tuesday, December 17.