According to Jinshi, data showed that US retail sales unexpectedly fell and the two-year US Treasury yield fell to 4.5%, breaking the narrative that the US economy is unexpectedly strong. Tuesday's CPI data caused traders to postpone bets on rate cuts, and today's data showed that consumers are slowing down, which is a dovish signal. This will pull down the dollar and may boost interest rate-sensitive stocks.
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U.S. retail sales unexpectedly fall, 2-year Treasury yield falls to 4.5%
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