Markets Await Data on the US CPI And Retail Sales

It is expected, that the US Federal Reserve will raise interest rates in December and announce plans to reduce the balance of $4.5 trillion. But still, weak retail sales and inflation data may slow the rate increase.

Today, the focus of the markets will be data from the US on retail sales and the consumer price index. Inflation in the US remained low, despite tightening of the monetary policy of the Fed.

It is awaited, that the consumer price index rose by 0.1% mom and by 1.7% in annual terms, and retail sales increased by 0.1% in June.