Category: Headlines
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Fed’s Williams (voter) says economy facing unacceptably high inflation; economy starting to get back to more normal patterns
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Fed’s Barkin (2024 voter) says demand is cooling but not yet cold
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Fed’s Mester (2024 voter) says she would like the policy rate to get to a point where it could equally be a potential increase or decrease, does not put it in terms of a pause, but in terms of a hold, but does not think we are at that hold rate yet
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US Retail Sales MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. -0.6%, Rev. -0.7%)
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Fed’s Barkin (2024 voter) says he is very comfortable with a data-dependent approach, but not yet convinced inflation is on a steady path downward, according to Reuters Sees demand moderating but it may need to cool even more for inflation to come back to the Fed’s 2% target. US labour market has moved from “red hot to hot”, tough some secondary indicators point to some easing despite a low unemployment rate. Is withholding June meeting rates decision as there is still data to come, uncertainty around bank credit and the debt ceiling
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US NY Fed Manufacturing (May) -31.8 vs. Exp. -3.75 (Prev. 10.8)
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Equities continue lower as PACW fears re-ignite regional banking woes
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US PPI exFood/Energy YY* (Apr) 3.2% vs. Exp. 3.3% (Prev. 3.4%)
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US PPI exFood/Energy MM* (Apr) 0.2% vs. Exp. 0.2% (Prev. -0.1%)
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US PPI exFood/Energy YY* (Apr) 3.2% vs. Exp. 3.3% (Prev. 3.4%)