Investors watch US CPI and retail sales data, hoping for positive signs to ease recession fears.

From Investing.com: 2024-08-12 09:06:00

Investors initially panicked after weaker than expected US NFP report for July, fearing recession. However, subsequent data showed some positive signs, easing concerns. Market pricing remains dovish but has scaled back to around 100bps worth of cuts by year end. Eyes now on US CPI and retail sales data this week for further insights on economic health. A potential improvement in retail sales could relieve recession fears and reduce the urgency for aggressive rate cuts. Strong dollar may push Euro/Dollar pair back towards range bound trading, with key levels of 1.0900 and 1.1000 in focus for potential breakout.



Read more at Investing.com: US CPI, Retail Sales Data to Test Fed Rate Cut Bets