BlockBeats news, on June 17, the U.S. retail sales month-on-month for May will be announced tonight at 20:30, with a previous value of 0.1% and an expectation of -0.7%. Konstantinos Chrysikos, CRM Director at Kudotrade, believes that if the decline in U.S. retail sales data is greater than expected, it may strengthen bets on a rate cut by the Federal Reserve. Data shows that market participants currently expect the Federal Reserve to make two rate cuts this year. A survey by The Wall Street Journal indicates an expected month-on-month decline of 0.6% in U.S. retail sales for May, compared to a previous increase of 0.1%. (Jin Shi)