Mindblown: a blog about philosophy.
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Citi (C) CEO Fraser says economic outlook is more negative in Europe than in the US; worried about competitiveness in Europe There’s a lot of growth and potential in India. China economy is more sluggish than expected. Felt benefit of being in strong position during turmoil. Handful of banks in idiosyncratic situation and the rest are sound. FDIC replenishment is manageable. Hopes regulatory response is thoughtful and targeted
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US Average Earnings YY* (May) 4.3% vs Exp. 4.4% (Prev. 4.4%)
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US Unemployment Rate* (May) 3.7% vs Exp. 3.5% (Prev. 3.4%)
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US Non-Farm Payrolls* (May) 339k (Prev. 253.0k, Rev. 294k)
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END OF DAY REPORT JUNE 1st
Players looking forward to the NFP tomorrow as we look to the Fed for direction on rates after rhetoric over the last 2 days indicates a possible skip but that they wont stop raising
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Fed’s Bullard (non-voter, hawk) reiterates, in online essay, that policy is now at the low end of what is arguably ‘sufficiently restrictive’ given current macroeconomic conditions
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US Construction Spending MM * (Apr) 1.2% (Prev. 0.3%)
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US ISM Mfg Prices Paid (May) 44.2 (Prev. 53.2)
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US ISM Manuf New Orders Idx (May) 42.6 (Prev. 45.7)
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US ISM Manuf Employment Idx (May) 51.4 (Prev. 50.2)
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