U.S. retail sales data is weak, and market expectations for a Fed rate cut are rising

According to Jinshi, the overnight U.S. retail sales data was weak, leading to a decline in the U.S. Dollar Index (DXY), and market expectations for a Federal Reserve rate cut are rising. Swissquote senior analyst Ipek Ozkardeskaya stated that U.S. consumer spending may indeed be weakening, and although large-scale AI investments will continue to be an important support for economic growth, they may not necessarily create more jobs. She pointed out that if this is the case, the U.S. economy will exhibit a dual-speed growth pattern, which will require policy support from the Federal Reserve.