The Chicago Fed's preliminary nowcast of retail & food services sales (ex autos) growth in September is 0.3% MoM and 4.3% YoY, which would be a deceleration from growth of 4.9% YoY in August.

• The nowcast is based on positive contributions from transactions (+16 bps) and Census data (+27 bps), while foot traffic & sentiment made a negative contribution of -17 bps.
• The nowcast for retail & food services sales (ex autos) price growth is 0.3% MoM and 1.5% YoY.
• The inflation-adjusted nowcast of retail sales is 0.0% MoM as price growth is forecasted to match the rise in sales.