Market Comment | Weak US data weigh on yields ahead of today’s FOMC meeting

Summary

US yields fell and the US dollar depreciated ahead of the FOMC meeting, underpinned by the release of worse-than-expected data in the US.  Weak US retail sales and inflation data in May could increase doubts about whether seasonal factors were the main driver behind 1Q’s mild slowdown or whether “cyclical” reasons were behind it. In […]

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