According to Deep Tide TechFlow news on June 17, as reported by Jin10, Kudotrade's Customer Relationship Management Director Konstantinos Chrysikos believes that if the decline in U.S. retail sales data is greater than expected, it may strengthen bets on the Federal Reserve (FED) cutting interest rates. Data shows that market participants currently expect the Federal Reserve to cut rates twice this year. A Wall Street Journal survey indicates that U.S. retail sales are expected to decline by 0.6% month-on-month in May, while the previous data showed a rise of 0.1%.

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