Time and money are largely interchangeable terms. - Winston S. Churchill
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Macrostatistics US

Macrostatistics US
Photo by Taylor Friehl / Unsplash

Retail sales (m/m) (May): -0,3%
(0.2% forecast, 0.7% pred.)

Core Retail Sales Index (m/m) (May): 0.5%
(Forecast: 0.8%, anticipated 0.4%)

Export price index (m/m) (May): 2,8%
(Forecast: 1.3%, anticipated 0.8%)

Import price index (m/m) (May): 0.8% (Forecast: 1.1%.
(Forecast: 1.1%, anticipated 0.4%)

  • The odds of a 0.75% rate hike from the Fed are increasing - retail sales are slowing amid unprecedented inflation. This could mean a slowdown in the U.S. economy, which could lead to a contraction in GDP.

The main reason for the decline in retail sales: falling demand for cars.

  • According to a Reuters poll, the Fed will raise rates at today's meeting by 0.75%.

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