The expectation for a rate hike in the US in September continues to cool! Retail sales and consumer confidence are weakening, and the market is betting that the probability of maintaining the interest rate unchanged has risen to 71%.

According to Zhitong Finance APP, as the latest retail sales and consumer confidence data in the U.S. show signs of weakening, market expectations for the Federal Reserve to continue raising interest rates in September have further diminished. A series of weak economic and inflation data this week has prompted traders to significantly reduce their bets on further tightening of monetary policy by the Federal Reserve.