US: Swath of data releases will help inform the risks around a July hike - TDS

Research Team at TDS, suggests that given the Fed's data dependence, the swath of May data released this week will help inform the risks around a July hike.

Key Quotes 

“TD expects both core and headline prices to fall short of market expectations. Retail sales are forecast to cool following April's brisk gain, though the trend in Q2 consumption remains favorable. Meanwhile, industrial production is forecast to remain weak. On balance, the data flow supports a Q2 rebound that will fall short of securing a July hike but keep the Fed in play for September.”