Category: Headlines
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ECB’s Schnabel says ECB has a clear mandate of price stability, financial stability is a precondition for price stability, and vice versa
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US House GOP McHenry says nothing close to being done on debt ceiling talks
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US House Speaker McCarthy says he thinks an eventual debt limit bill needs to be on the floor next week, according to Punchbowl’s Sherman “I just believe where we were a week ago and where we are today is a much better place because we’ve got the right people in the room discussing it in a very professional manner with all the knowledge and all the background from all the different leaders and what they want.” Other reports run comments saying “I can see now where a deal can come together”. As well as comments that he is of the view that it is important to have an agreement in principle this weekend.
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US Existing Home Sales (Apr) 4.28M vs. Exp. 4.3M (Prev. 4.44M, Rev. 4.43M)
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Fed’s Logan (voter) says data at this time does not support justifying a pause in June; inflation and employment data in coming weeks could change that view, but not there yet – CNBC citing prepared remarks
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US Philly Fed Business Indx* (May) -10.4 vs. Exp. -19.8 (Prev. -31.3)
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US House Speaker McCarthy says a debt ceiling deal by Sunday is doable
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US House Democratic Leader Jeffries says House Democrats will file ‘discharge petition’ on raising debt limit in case necessary to avoid default
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US Building Permits: Number * (Apr) 1.416M vs. Exp. 1.437M (Prev. 1.43M, Rev. 1.437M)
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US Housing Starts Number * (Apr) 1.401M vs. Exp. 1.4M (Prev. 1.42M, Rev. 1.371M)