Category: Headlines
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BoE statement: MPC votes 7-2 to lift rates 25bps to 4.50%, as expected; forecasts show higher path for CPI, and the biggest GDP forecast upgrade on record
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US Core CPI YY, NSA* (Apr) 5.5% vs. Exp. 5.5% (Prev. 5.6%)
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US CPI MM, SA* (Apr) 0.4% vs. Exp. 0.4% (Prev. 0.1%)
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US CPI YY, NSA* (Apr) 4.9% vs. Exp. 5.0% (Prev. 5.0%)
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Fed’s Goolsbee (voter, dove) says Fed must be data dependent and watch credit conditions; getting “vibes” that a credit squeeze is beginning – Yahoo Finance interview Trying to stabilise prices without a hard landing. Have to say that recession is a possibility. Weighing how much Fed work is being done by tighter credit. Too early to make a call on rates for the June FOMC
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White House is reportedly weighing a short-term extension of the debt ceiling to allow parties to keep negotiating, according to CNBC citing sources, noting the key question is what would GOP want in return and for how long
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US Average Earnings YY* (Apr) 4.4% vs. Exp. 4.2% (Prev. 4.2%, Rev. 4.3%)
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US Unemployment Rate* (Apr) 3.4% vs. Exp. 3.6% (Prev. 3.5%)
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US Average Workweek Hrs* (Apr) 34.4hrs vs. Exp. 34.4hrs (Prev. 34.4hrs)
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US Non-Farm Payrolls* (Apr) 253k vs. Exp. 180.0k (Prev. 236.0k, Rev. 165k)