Fed Hike Odds Fall As Prime Day Effect Hits Retail Sales

My Thoughts about those July Retail Sales

Consumers spent at retailers & restaurants just fine, but Amazon Prime Day and seasonal adjustments wreaked some havoc.

Fed Hike Odds Fall As Prime Day Effect Hits Retail Sales

The Federal Reserve looks unlikely to raise interest rates soon after a weak retail sales report amid a shift in Amazon Prime Day to June.

No Fed Pivot In Sept? 14-Month Slump In US Retail Sales Dim Rate Hike Bets

According to the CME FedWatch tool, the odds of a rate hike in September has slipped to 30.6%, whereas over 69% of the market is pricing in another hold.

Dollar Falls on Weak US Retail Sales and Consumer Sentiment Reports

The dollar index (DXY00 ) is down -0.41% as the weak US retail sales and consumer sentiment reports reduced the odds of a September Fed rate hike to 29% from 35% on Thursday. The dollar was also undercut by today’s -1.3 bp drop in the 2-year T-note yield, although the...