Recent US data seems to indicate that the Federal Reserve may cut interest rates by 25 basis points this week. Kit Jukes, macro strategist at Industrial Bank of France, suggests that the market could force the Federal Reserve to cut rates by 50 basis points. He adds that the upcoming US retail sales and industrial production data in the next few days may impact people's views. He states that if weak retail sales push up pricing, the Federal Open Market Committee may be concerned about falling behind the curve.