TechFlow news, June 17 — According to Jinshi Data, Forexlive analyst stated that prior to the release of U.S. May retail sales data, markets were pricing in 49 basis points of rate cuts by the Fed by year-end; after the data release, this shifted slightly to 48.5 basis points. The FOMC will announce its interest rate decision at 2:00 a.m. Beijing time Thursday, and the retail sales report is one of the key data points for discussion. Overall, the report showed weakness, but the control group—the best indicator of consumer conditions—came in slightly better than expected and the previous figure was upwardly revised. Overall, this is currently a difficult data set to interpret, as concerns over tariffs in March caused a sharp rise in sales, followed by two consecutive months of decline.
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