U.S. retail sales data weak, market expects Fed rate cuts to heat up

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