Retail sales data and the Consumer Price Index in the U.S. may influence Federal Reserve interest rate decisions

AI Summary

According to BlockBeats, the United States is set to release its retail sales data and the Producer Price Index (PPI) at 20:30 UTC+8. These figures are anticipated to significantly impact market expectations regarding future interest rate cuts by the Federal Reserve. Weaker-than-expected PPI and retail sales data could revive dovish expectations for the Federal Reserve, potentially weakening the dollar and providing support for gold prices.

In anticipation of the effects of U.S. tariffs, the retail sales data released tonight is expected to show substantial growth, although there are opinions suggesting that the data may not meet expectations. Meanwhile, the annual inflation rate of the U.S. PPI in April is expected to decrease to 2.5%. The interpretation of these two key data points may be contradictory, making it difficult for investors to draw definitive conclusions.

Ten minutes after the release of this key data, Federal Reserve Chairman Jerome Powell will make opening remarks at the second Thomas Laubach Research Conference of the Federal Reserve at 20:40 UTC+8. The conference will focus on research related to monetary policy and economic issues, providing an academic perspective on the Federal Reserve's commitment to reviewing its monetary policy framework every five years. The conference will continue until the 16th.