According to Odaily, retail sales in the United States grew by 1.0% in July, surpassing expectations and potentially alleviating concerns about a sharp economic slowdown. These concerns had been heightened by a recent increase in the unemployment rate. The data also revealed that June's retail sales were revised downward to a 0.2% decline. The lack of signs indicating a collapse in demand may lead financial markets to lower their expectations for a 50 basis point interest rate cut next month. However, with moderate inflation in July, the likelihood of a 25 basis point rate cut remains significant. Futures markets now show a roughly 23.5% probability of a 50 basis point rate cut by the Federal Reserve in September.