Institution: Federal Reserve's interest rate cut bet or heating up, if retail sales fall short of expectations

Odaily Planet Daily News: Konstantinos Chrysikos, the head of customer relationship management at Kudotrade, believes that if the decline in US retail sales data is greater than expected, it may strengthen the bet on the Federal Reserve cutting interest rates. Data shows that market participants currently expect the Federal Reserve to cut interest rates twice this year. A survey by The Wall Street Journal shows that retail sales in the United States are expected to decline by 0.6% month on month in May, compared to a 0.1% increase in the previous data. (Golden Ten)