#美国零售数据逊预期 12 Retail sales in February showed no growth compared to the previous month, significantly lower than the expected +0.4%.
The holiday shopping season suddenly came to a halt, with furniture (-0.9%), clothing (-0.7%), and electronics (-0.4%) all showing weakness. The market quickly priced in a 30% chance of three rate cuts within the year, and the yield on the 10-year U.S. Treasury bond briefly fell to 4.13%.
With consumption cooling and expectations for rate cuts rising, loose liquidity is favorable for risk assets.
