{"id":86188,"date":"2024-06-19T11:23:21","date_gmt":"2024-06-19T08:23:21","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=86188"},"modified":"2024-06-25T14:54:45","modified_gmt":"2024-06-25T11:54:45","slug":"us-retail-sales-rates-come-in-lower-than-expected","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/vi\/us-retail-sales-rates-come-in-lower-than-expected\/","title":{"rendered":"US retail sales rates come in lower than expected"},"content":{"rendered":"

The US retail sales rate for May came in lower than expected, implying that the US consumer may be feeling the impact of the Fed\u2019s restrictive monetary policy stance. As such, the releases may increase pressure on the Fed to ease its restrictive monetary policy stance, which in turn could weigh on the greenback. Fed Governor Kugler during her speech yesterday, stated that if the economy evolves as she is expecting, \u201cit may be appropriate to begin easing policy sometime later this year\u201d. However, she did also state that it could take \u201cquarters\u201d for the data to support a rate cut. In the US Equities markets, a Boeing whistleblower stated yesterday per CNN that he was told by his supervisors at Boeing (#BA) to conceal evidence that Boeing was cutting corners by losing track of parts that have been labeled as non-conforming or not up to design standards. The recent announcement casts another dark spot on the company\u2019s already diminished safety credibility. Thus, could weigh on the company\u2019s stock price. In Canada, the BoC is set to release its June monetary policy meeting minutes during today\u2019s late American session. Should the minutes imply that BoC policymakers are set to continue cutting interest rates, it could weigh on the Loonie. Over in the UK, the CPI rates for May came in as expected, with the exception of the nation\u2019s headline CPI rate on a mom level which came in lower than expected at 0.3% versus the expected rate of 0.4%. Nonetheless, when looking at the bigger picture, it could be implied that inflationary pressures in the UK economy appear to be easing, which in turn could increase pressure on the BoE to ease its monetary policy stance. Such a scenario could potentially weigh on the pound.<\/p>\n\n\n\n

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