ChainCatcher reports that, according to Jintou, overnight US retail sales data was weak, and the US dollar index DXY weakened, boosting market expectations of a rate cut by the Federal Reserve. Swissquote senior analyst Ipek Ozkardeskaya stated that US consumer spending may indeed be weakening, although large-scale AI investments will still be a key driver of economic growth, they may not necessarily create more jobs. She pointed out that if the situation is true, the US economy will exhibit a dual-speed growth pattern, which will require policy support from the Federal Reserve.
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