Agency: Fed rate cut bets may heat up if retail sales fall short of expectations

Odaily Planet Daily News Konstantinos Chrysikos, head of customer relationship management at Kudotrade, believes that if the decline in US retail sales data is greater than expected, it may strengthen bets on the Fed's interest rate cuts. Data shows that market participants currently expect the Fed to cut interest rates twice this year. A survey by the Wall Street Journal showed that US retail sales are expected to fall 0.6% month-on-month in May, compared with a 0.1% increase in the previous data. (Jinshi)