BlockBeats news, on May 15, at 20:30 tonight, the U.S. will announce retail sales data (the 'horrific data') and the U.S. Producer Price Index (PPI). These data points could significantly impact the market's expectations for future Federal Reserve rate cuts. Weaker-than-expected U.S. PPI and retail sales data may reignite dovish expectations from the Federal Reserve, undermining the dollar and providing much-needed support for gold prices.
To proactively respond to the impact of U.S. tariffs, the retail sales data announced tonight is expected to see significant growth (though there are also voices suggesting that the data may fall short of expectations), while the U.S. PPI inflation rate for April could drop to 2.5%. From a data preview perspective, the interpretation of these two major data points tonight may contradict each other, making it difficult for investors to draw directional conclusions.
Ten minutes after the release of these two important routine data points, Federal Reserve Chairman Powell will take the stage at 20:40 to deliver the opening remarks for the second Federal Reserve Thomas Laubach Research Conference. This conference will focus on research related to monetary policy and the economy, and is expected to provide an academic perspective for the Federal Reserve's commitment to review its monetary policy framework every five years. The conference will last until the 16th. (Jin Shi)