Société Générale: Markets risk forcing Fed to cut rates by 50 bps

Recent US data seems to suggest that the Federal Reserve could cut interest rates by 25 basis points by midweek. Societe Generale macro strategist Kit Jukes said the market could potentially force the Fed to cut rates by 50 basis points. U.S. retail sales and industrial production data in the coming days could influence perceptions, he added. If weak retail sales push up pricing, the Federal Open Market Committee may worry about keeping up, he said.