Fed Speakers In Focus As Rate Cut Expectations Build

It's another holiday-shortened week in the US. Traders coming off the three-day weekend (the third in the last 23 days, as BMO's US rates team pointed out) will be treated to Fed speak and a few notable data releases from the world's largest economy, albeit nothing with the potential to be a game-changer. Retail sales could conceivably erode what's now quite a lot of conviction around a March rate cut from the Fed, but it'd take a multi-standard deviation upside surprise to upend those bets en