Retail Sales
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Index futures traders should treat retail sales as CPI confirmation, not background noise
After a softer CPI reaction, the next U.S. data points matter because they test whether the futures rally has support from demand, margins and Fed expectations.
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PPI and retail sales now test the soft-CPI futures rally
After the CPI relief move, traders still have PPI, the Beige Book and retail sales before the macro risk range is settled.