Analysis: The FOMC decision has limited impact on the market, retail sales and other data may become key signals

PANews reported on March 17th that crypto analyst Nik Patel stated that this week the market will face five important interest rate decisions, including the FOMC. However, Monday's retail sales growth data may provide more tactically significant market signals. If the data is below expectations but the market continues last Friday's rebound, it may indicate that growth panic has been fully priced in and only a severe tariff escalation could trigger new lows. Conversely, if the data is better than expected, market sentiment may reverse due to previous extreme pessimism with short-term risks leaning upwards.

Nik believes that if the data falls short of expectations and stocks hit new lows, growth panic will still dominate but the next round of declines could be bottoming out. It is expected that Q2 might see weak growth data being digested by markets along with gradual reflection of positive figures. In addition, Nik predicts limited impact from FOMC decisions on markets.