U.S. retail sales data weak, market expects Fed rate cuts to heat up

ChainCatcher reports that, according to Jintou, overnight US retail sales data was weak, and the US dollar index DXY weakened, boosting market expectations of a rate cut by the Federal Reserve. Swissquote senior analyst Ipek Ozkardeskaya stated that US consumer spending may indeed be weakening, although large-scale AI investments will still be a key driver of economic growth, they may not necessarily create more jobs. She pointed out that if the situation is true, the US economy will exhibit a dual-speed growth pattern, which will require policy support from the Federal Reserve.

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