BlockBeats News, June 17, analysts from the financial website Forexlive stated that ahead of the release of U.S. retail sales data for May, the market was pricing in a 49 basis point rate cut by the Federal Reserve by the end of the year, which slightly changed to 48.5 basis points after the data release. The FOMC meeting will make a rate decision at 2 AM Beijing time on Thursday, and the retail sales data is one of the important data points for discussion at the meeting. The report overall showed weak performance, but the control group is the best indicator of consumer conditions, which was slightly better than expected, while the previous value was also revised upward. Overall, this is currently difficult data to interpret, as concerns over tariffs in March led to a significant increase in sales, followed by two consecutive months of decline. (Jin Shi)