Recent data in the US suggests that the Fed might cut interest rates by 25 basis points this week. Kit Juckes, a macro strategist at Societe Generale, believes that the market could pressure the Fed into a 50 basis point cut. He adds that retail sales and industrial production data, due out in the coming days, could influence sentiment. He says that if weak retail sales boost pricing pressures, the Federal Open Market Committee may be worried about falling behind.