Fed Rate Hike Odds Fall As Amazon Prime Day Effect Hits Retail Sales

The Federal Reserve now looks somewhat unlikely to raise interest rates at either of the next two meetings after a weak July retail sales report further assuaged concerns that the economy may be overheating. Still, last month's drop in retail sales likely stemmed from Amazon.com (AMZN) moving up its Prime Day to June and rivals like Walmart (WMT) and Target…