MARKET DAILY

Market 09/17: Strong Economic Data – Will It Make FED Change to 0.25% Cut?

Retail sales and industrial production surprisingly better than forecast

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Key highlights:

  • Retail sales surprisingly better than forecast

  • Industrial production recovers in August

  • Market divided between 50bps and 25bps

  • Intel partners with Amazon, spins off chip manufacturing division

  • iPhone 16 starts getting discounted in China

  • Market: Investors derisk ahead of FOMC after breaking the peak

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