US retail sales
The United States announced at 21:30 on June 18, 2024Retail sales (month-on-month)The result is negative 0.2% for the previous month0.1%It was.
What is the market's expectationInterest rate cutsIt is.
We had hoped for a decline in consumption, but the result was that it remained flat.
retail salesIf you look at it compared to last year2.3%It's increasing.
CPIThe decline ofConsumer Confidence IndexExpectations for interest rate cuts were growing due to the decline, but the result is that consumption has not fallen that far.
retail salesSince there is a tendency for major revisions to be made, the final figures will not be known until next month's announcement.
US 10-year bond yieldIt has entered a downtrend even though it is weak. Mortgage interest rates fall as long-term interest rates fall.
mortgage interest ratesBecause the number of home buyers increases when it fallsrentsThere is a possibility that inflation will calm down.
US 10-year bond yieldWhat is the decline ofCPIWhether it will lead to a decline is also becoming important.
As long-term interest rates fallConsumption is being revitalizedThere is also a risk that the interest rate cut period will go backwards if it is done.
CPIAlthough housing costs account for a fall, there is also a possibility that prices of services and goods will rise.
Basically, slowing down inflation is not straightforward.
There is no substitute for the bright outlook for the US economy.
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182177489 : It's easy to understand, thank you
麦マル : As always, the explanation is easy to understand
Thank you very much
Please continue to give us guidance and advice on economic indicators, etc.
If you have an opportunity, I would appreciate it if you could explain the current state of the US market and future economic trends etc. that have reached the middle year
I will continue to refer to your explanations.
Thank you for your kind attention