Today’s retails sales number was on the weak side of expectations,Some may use the late start to the Christmas shopping season as an excuse.But market pricing for Interest rate cuts or what the Overnight implied rate will be at next years Fed meetings show lower rates expected versus yesterdays closing levels.take a look at the circled area which shows the September and October meetings,it isnt a drastic move lower but the direction is what is important, markets pricing in a bit more easing after today’s events.