Next week, the focus in the US will be on retail sales and production data, following unexpectedly strong inflation data that delayed the anticipated start date of the Fed easing cycle.
Retail sales and production data are next week’s focus in the US after unexpectedly strong inflation data pushed back the anticipated start date of the Fed easing cycle. We’ll also get services inflation and wage growth in the UK, which will help shape the debate on whether the BoE cuts rates in June or August.
This feeds into retail sales given the strong correlation with home sales and retail activity tied to household appliances, furniture and furnishings and building supplies – when moving home people often want new items in their new property. UK inflation and wage data in focus as investors weigh June rate cut In contrast to the Federal Reserve, the Bank of England looks like it's still on track for a rate cut either in late spring or summer.
Retail Sales Production Data US Inflation Fed Easing Cycle
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