U.S. Retail Sales and PPI Data May Influence Federal Reserve's Rate Decisions

According to BlockBeats, the United States is set to release its retail sales data and Producer Price Index (PPI) at 20:30 UTC+8. These figures are anticipated to significantly impact market expectations regarding future interest rate cuts by the Federal Reserve. Weaker-than-expected PPI and retail sales data could revive dovish expectations for the Federal Reserve, potentially weakening the dollar and providing support for gold prices. In anticipation of the effects of U.S. tariffs, the retail sales data released tonight is expected to show substantial growth, although there are opinions suggesting the data might fall short of expectations. Meanwhile, the annual inflation rate for the U.S. PPI in April is projected to decrease to 2.5%. The interpretation of these two major data points may be contradictory, making it difficult for investors to draw definitive conclusions. Ten minutes after the release of these key data points, Federal Reserve Chair Jerome Powell will deliver the opening remarks at the second Federal Reserve Thomas Laubach Research Conference at 20:40 UTC+8. The conference will focus on research related to monetary policy and economic issues, providing an academic perspective for the Federal Reserve's commitment to reviewing its monetary policy framework every five years. The conference will continue until the 16th.