U.S. July retail sales (monthly rate) released: -0.6%

U.S. July retail sales fell 0.6% MoM, missing the 0.1% forecast. The sharper-than-expected consumer slowdown reinforces expectations for continued Fed accommodation.

The actual monthly rate of retail sales in the U.S. for July was -0.6%, lower than the expected 0.1% and the previous value of 0.2%. This significant deviation from expectations indicates that the slowdown in consumer spending was more pronounced than anticipated, which may reinforce market expectations that the Federal Reserve will maintain accommodative policies, allowing the liquidity environment to remain relatively loose.