TechFlow news, June 17 — According to Jinshi Data, the U.S. retail sales month-on-month for May will be released tonight at 20:30. The previous value was 0.1%, with an expected figure of -0.7%. Konstantinos Chrysikos, Head of Client Relations at Kudotrade, believes that if the decline in U.S. retail sales exceeds expectations, it could strengthen bets on Federal Reserve rate cuts. Data shows market participants currently expect the Fed to cut interest rates twice this year. A Wall Street Journal survey indicates that U.S. retail sales are expected to have declined 0.6% month-on-month in May, compared to the prior increase of 0.1%.
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