Traders have reduced expectations that the Federal Reserve will raise interest rates more than once before the middle of 2027, according to a market update cited by Odaily. The shift came after weaker U.S. retail sales data for July. The monthly retail sales reading fell 0.6%, marking the biggest decline since May last year. That figure also missed market expectations, which had pointed to a 0.1% increase. The data and the change in rate-hike pricing indicate a softer view among traders on how far the Fed may need to tighten policy over that period. Odaily reported the move as a market development without naming additional institutions or traders involved.
Traders have scaled back bets that the Federal Reserve will deliver more than one rate hike before mid-2027, according to a market update cited by Odaily.
Earlier, U.S. retail sales for July fell 0.6% month on month, the largest drop since May last year. The reading was also below market expectations for a 0.1% increase.
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