Special topicBingobingo539Us CPI rose less than expected in April and is expected to be boosted by interest rate cuts in September

Source: yuan Wei on Wall Street

Data show that U.S. retail sales rose 0% month-on-month in April, below market expectations of 0%.Bingobingo539.4%, the previous value is 0Bingobingo539.7% revised to 0.6%.

Us retail sales stagnated in April and growth in the previous two months was revised downwards, suggesting that high borrowing costs and rising debt have prompted consumers to be more cautious.

On Wednesday, May 15th, the U.S. Department of Commerce released retail sales figures for April. Data show that US retail sales rose 0 per cent in April from a month earlier, below market expectations of 0.4 per cent, and the previous value was revised from 0.7 per cent to 0.6 per cent.

Excluding cars and gasoline, retail sales fell 0.1%.

Media quoted analyst Chris Anstey as saying that US retail sales figures looked slightly lower than expected. As the "control group" of GDP, the data is actually falling, falling.Bingobingo5390.3%.

Meanwhile, US CPI rose 3.4 per cent year-on-year in April, unchanged from expectations and down slightly from 3.5 per cent, while CPI rose 0.3 per cent month-on-month in April, below expectations and 0.4 per cent, according to data released by the US Bureau of Labor Statistics.

After the release of the data, the futures of the three major US stock indexes rose in the short term, with the Nasdaq futures up 0.56%, the S & P 500 index futures up 0.54% and the Dow futures up 0.49%. Treasury yields continued to fall, with yields on 2-to 10-year Treasuries falling more than 10bp on the day. The dollar index fell in the short term and is now down 0.47%. The yen extended gains against the dollar, up 1.1%. The pound rose 0.6 per cent to 1.2666 against the dollar, its highest level since April 10th.

Analyst Joseph Richter said the market's knee-jerk rebound may have been due more to a marked slowdown in US retail sales than to CPI, which is close to expectations. For months, sales figures have tended to be ahead of merchandise CPI.

Traders have now raised their expectations of a Fed rate cut. Interest rate swaps show that traders believe there is a more than 80 per cent chance of cutting interest rates by 25 basis points by the fed's meeting in September.