Deep Tide TechFlow News, on June 17, according to Jin10 data, Kudotrade's Customer Relationship Management Director Konstantinos Chrysikos believes that if the decline in U.S. retail sales data is greater than expected, it may strengthen bets on the Federal Reserve cutting interest rates. Data shows that market participants currently expect the Federal Reserve to cut rates twice this year. A survey by The Wall Street Journal indicates that U.S. retail sales in May are expected to decrease by 0.6% month-on-month, compared to the previous data which showed an increase of 0.1%.