Markets pare back rate hike expectations after weak US retail sales – Blueprint Capital

FXStreet (Barcelona) - The Blueprint Capital FX Team note that although the US retail sales improved, a weaker than expected number means that policy makers might require further evidence before rate normalization begins.

Key Quotes

“Weaker U.S. retail numbers caused traders to push back expectations for when the Federal Reserve may start raising interest rates.”

“Despite the dollar sliding, a rebound in retail sales in March provides evidence that the US economy is gaining traction again after a slow start to the year. However, the improvement is somewhat muted, which suggests that the majority of rate setters will want to see further evidence of a strengthening economy before committing to any tightening of monetary policy.”