Two key data points will be released at 9:30 tonight - retail sales and PPI. From the current expectations, it is likely to form a "not overheating economy + cooling inflation" perfect combination, which is very favourable for interest rate cut expectations.
First, let's talk about retail data. In September, U.S. retail sales, excluding automobiles and gasoline prices, fell by 0.66% month-on-month. If we also exclude food services, the core data dropped by 0.49%. This is quite a significant difference from the market expectation of a 0.6% increase. The reason is easy to understand—after th
First, let's talk about retail data. In September, U.S. retail sales, excluding automobiles and gasoline prices, fell by 0.66% month-on-month. If we also exclude food services, the core data dropped by 0.49%. This is quite a significant difference from the market expectation of a 0.6% increase. The reason is easy to understand—after th
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