20 May 2024
Fed Governor Bowman said on Friday that he is willing to support rate hikes if disinflation stalls, or even reverses; and added that he is monitoring economic data to evaluate whether monetary policy is still tight enough.
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17 May 2024
Investors weighed a rebound in US Treasury yields. Expectations of a September rate cut continued to lend support to the stock market as weaker-than-expected US CPI data on Wednesday was followed by data showing a cooling of the labor market.
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16 May 2024
A slower-than-expected US CPI release after 3 months of upward surprises, raising hopes of a faster Fed rate cut and sending US Treasury yields sharply lower.
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15 May 2024
The US producer-level Price Index grew at a faster-than-expected pace of 0.5% mom in April (above economists' 0.3% expectation and up from a downwardly revised contraction to - 0.1% in March) mainly due to high costs of services and goods, signaling inflationary pressures lingered at the start of the second quarter.
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14 May 2024
Investors await key inflation readings and earnings reports due this week while surveys show that consumers are concerned about the inflation trend.
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