Preview: U.S. July Retail Sales Data to Be Released Tonight, Stronger-Than-Expected Data May Dampen Rate Cut Expectations

BlockBeats News, August 14th: Following the release of this week's US CPI and PPI data, the market sentiment has not been fully digested. Tonight at 20:30 (UTC+8), the US will see the release of the July retail sales data, known as the "retail sales terror data." The market is currently expecting a mere 0.1% monthly increase in retail sales, with core retail sales (excluding volatile items such as automobiles) also expected to be modest. This data will directly reflect US residents' consumption willingness and purchasing power, serving as a key indicator to determine whether the economy is heading for a soft landing or a stall.

Against the backdrop of escalating internal dissent within the Federal Reserve and a pullback in the international gold price from the $4400/ounce level, if the data significantly outperforms expectations, it may strengthen the narrative of "resilient economy," boosting the US dollar and dampening rate cut expectations. Conversely, if the data falls well below expectations, it could exacerbate recession concerns, further supporting precious metals and safe-haven sentiment.