{"id":432331,"date":"2026-06-17T19:15:22","date_gmt":"2026-06-17T12:15:22","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/us-retail-sales-coming-up-as-we-count-down-to-kevin-warshs-debut\/"},"modified":"2026-06-17T19:15:22","modified_gmt":"2026-06-17T12:15:22","slug":"us-retail-sales-coming-up-as-we-count-down-to-kevin-warshs-debut","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/us-retail-sales-coming-up-as-we-count-down-to-kevin-warshs-debut\/","title":{"rendered":"US retail sales coming up as we count down to Kevin Warsh&#8217;s debut"},"content":{"rendered":"<div>\n<p>US retail sales are due at the bottom of the hour in an important check on the consumer. The consensus is that sales rose 0.5% in May, with the ex-autos number matching that. For the market, the most-important number is the control group, which excludes autos, gasoline and building materials. It&#8217;s expected up a healthy 0.4% m\/m but not that retail sales numbers aren&#8217;t adjusted for inflation.<\/p>\n<p>On a year-over-year basis, sales were up 4.87% in April, which just barely exceeded inflation.<\/p>\n<p>The market is unlikely to make a big moved based on retail sales for two reasons:<\/p>\n<p>1) Warsh is coming up later. The 2 pm ET FOMC decision and press conference 30 minutes later are big events and most market participants will be reluctant to chase any miss.<\/p>\n<p>2) It&#8217;s a bit stale. Gasoline has been eating up a larger chunk of US wallets due to the war but crude is back to $76 and that&#8217;s going to be a gamechanger for June data and consumer confidence, if it holds.<\/p>\n<p>At the moment, USD\/JPY is down 15 pips to 160.30 and is a place to watch today due to the Fed decision and the chance of intervention.<\/p>\n<p>Notably, Bank of America &#8212; based on its card data &#8212; is forecasting sales up 0.8% with the control group up 0.7%.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US retail sales are due at the bottom of the hour in an important check on the consumer. The consensus is that sales rose 0.5% in May, with the ex-autos number matching&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432331","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432331"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432331\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}