Spartan Capital: The possibility of the Fed cutting interest rates by 50bp decreases

Peter Cardillo, chief market economist at Spartan Capital Securities, said that today's key data is retail sales, which shows that the pulse of the US consumer is clearly much stronger than expected. This reduces people's concerns about the economic recession, which is good news for the stock market, but it may not be good news for the bond market. With this report, we are back to the starting point, and the Federal Reserve may cut interest rates by 25 basis points in September. The possibility of a larger rate cut of 50 basis points is decreasing. Today's retail sales are positive for American companies. This means that consumers are not hibernating. This is a good sign for corporate earnings, but it raises people's concerns in terms of what the Federal Reserve will or will not do. (Jinshi)