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

Odaily News Konstantinos Chrysikos, head of customer relationship management at Kudotrade, believes that if the US retail sales data falls more than expected, it may strengthen bets on the Fed to cut interest rates. Data shows that market participants currently expect the Fed to cut interest rates twice this year. A survey by the Wall Street Journal shows 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)