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Fed rate hike odds fall after weak retail sales signal
Yahoo Finance reports that expectations for Federal Reserve hikes have weakened, with investors now viewing a rate increase as less likely at the next two meetings.
The change in odds is tied to data pointing to a softer retail environment in July, which analysts say reduced the urgency for additional Fed tightening.
The article also notes that the prior rate outlook has shifted following the weak reading, weighing on near term expectations for policy moves.
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