Retail sales pop again in June in good sign for consumer-driven U.S. economy

Rate cut? What rate cut? Wait one more year!

exactly what i was about to say :-) :-) panic in view

"U.S. import prices decreased 0.9 percent in June"

Rate cut?

Trump totally deserves his re-election next year; many incumbents don't.

Yea! consumer-driven economy is the best economy , so fed must do everything within its power to bring inflation and deflation under control.

great U.S economic, #DXY is buble, lets make GBP be margin call

No rate cut for sure mate💪💪💪😊😂

it's still low, it didn't improve in compared to previous month, just better than expected ( they had considered it too low, just %.1 )

Ha, cue the fake news about everything being golden prior to Powell's 1 EST talk... where he talks down and talks about rate cut again... what is that saying? Don't fight the FED?

Fed has to do one rate cut else they lose all credibility with regards their communication.

However, markets now need to start pricing in less than 3 cuts that they were expecting this year.

Fed is in a mess - they want to cut but data states they should be raising rates.

What data? Data is weak, inflation is low, retail sales are low, manufacturing is low, they must cut, or not rise any more!

precisely, i think they will lower %.50 in the end of this year

Inflation is a misnomer - it is not weak. Include all the things people actually need to spend money on to survive (rent, health care, food) and inflation is much higher than what is officially released.

You have had an economy that has risen for more than 120 months - you can't expect a constant, ever higher retail sales, manufacturing. At some point, things slow down.

You can't have infinite growth in a finite World.

Add to that the debt trap - when will Fed be responsible for the debt that is mounting at every level of US life? Government, corporations, individuals?

Every time they keep lowering, the debt keeps getting higher. If those in debt can barely keep up when rates are low, how will they manage when rates do start to rise?

Everyone is only looking at this with blinkered vision. The longer they postpone the inevitable, the longer and harder it will to to recover from it.

FED will do a rate cut but probably not this year. They have not promised to make one in July or ever as FED does not tell in advance what they will do. It's all speculation.

@TraderTeror.

Markets are pricing in 77.5% of a 0.25% cut in July and the Fed does not like to disappoint markets.

What you say basically is that the FED should adjust their actions to the market sentiment and not the other way around. Come on...
J. Powell told you that if there will be a rate cut any time soon, it won’t happen before 2020.
What kind of disappointment are you talking about? I guess you will be mostly disappointed if FED doesn’t cut the rates.

For the next time please remember: FED make their decisions based on how the economy performs, not on market sentiments.

@NotAtrader

Have a look at history - When the odds of a particular Fed action is over 75%, the Fed has NEVER let the market down - FACT.

July sentiment was 99% last week, it has gone down to 77.5% this morning due to good numbers (numbers from Bloomberg terminal screen named WIPR)

If the Fed acted upon the economy and not the market, why did they do a complete 180 degree turn after May when markets started to fall?

@NotAtrader

"...For the next time please remember: FED make their decisions based on how the economy performs, not on market sentiments..."

Above has got to be one of the most naive comment s ever made on Forex Factory.

If Fed acted upon economy, they would not be discussing rate cuts. In fact, Fed did a 180 degree turn after the May when the markets started to tank.

@NotAtrader

And you are wrong - I do not want a rate cut. I want them to raise or at least, do nothing.

But we will be getting at least two rate cuts this year.