Analyst: US retail sales data is generally weak, the Federal Reserve FOMC meeting will discuss

Odaily News Analysts at financial website Forexlive said that before the release of the May retail sales data in the United States, the market was pricing in a 49 basis point rate cut by the Federal Reserve at the end of the year, which changed slightly to 48.5 basis points after the data was released. The FOMC meeting will begin on Tuesday local time, and a decision will be made on Wednesday, which will be one of the data points they discuss at the meeting. The report was weak overall, but the control group, the best indicator of consumer conditions, was slightly better than expected, and the previous value was also revised upward. Overall, this is a series of data that is difficult to interpret at the moment, because sales rose sharply in March due to concerns about tariffs, and then fell for two consecutive months. (Jinshi)