US May advance retail sales +0.1% vs +0.3% expectedFed’s Musalem: Confidence to cut rates could take months and likely quarters to play outFed’s Goolsbee: Latest inflation number was ‘excellent’ hopefully more to comeFed’s Kugler: Policy has more work to do, judgement will be guided by dataFed’s Kugler: We have two-sided risks, we continue to pay attention to dataNY Fed Pres. Williams: Rate cut path depends on dataFed’s Logan: Will need to see ‘several more months’ of better CPI numbersFed’s Barkin: We are clearly on the back side of inflationNvidia is now the world’s most-valuable companyUS treasury auctions off 20 year bonds at a high-yield of 4.452%ECBs Villeroy: We owe our citizens respect. That means not running big deficitAtlanta Fed GDPNow for 2Q growth 3.1% unchanged from the last estimate.US CBO boosts fiscal 2024 deficit forecast by $408 billionNew Zealand GDT price index -0.5%US April business inventories +0.3% vs +0.3% expectedUS May industrial production +0.9% vs +0.3% expected
Markets:
Gold up $10 to $2329WTI crude oil up $1.21 to $81.54US 10-year yields down 6.2 bps to 4.22%AUD and CHF lead, JPY lagsS&P 500 up 0.25%
This article was written by Adam Button at www.forexlive.com.
