US data focus for Monday - March retail sales - the range of expectations to watch
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On Monday at 1230 GMT, retail sales for March 2024 will be released. The Federal Reserve will be paying attention to assess the strength of the consumer and the US economy. Consensus expectations for retail sales m/m are -0.2% to +0.6%, and for retail sales excl autos m/m are +0.1% to +0.9%. Knowledge of these ranges is important because data results that fall outside of market low and high expectations tend to move markets more significantly. This can have a surprise effect, psychological impact, trigger automated trading, and impact monetary and fiscal policies. It can also lead to chain reactions and correlations in financial markets.

#UsData #RetailSales #FederalReserve #MarketExpectations

https://www.forexlive.com/news/us-data-focus-for-monday-march-retail-sales-the-range-of-expectations-to-watch-20240415/