03:00 PM BST, United States - University of Michigan inflation report for May:
- Michigan Current Conditions: actual 68.8; forecast 79.0; previous 79.0;
- Michigan Consumer Sentiment: actual 67.4; forecast 76.0; previous 77.2;
- Michigan Consumer Expectations: actual 66.5; forecast 75.0; previous 76.0;
- Michigan 5-Year Inflation Expectations: actual 3.1%; forecast 3.0%; previous 3.0%;
- Michigan 1-Year Inflation Expectations: actual 3.5%; forecast 3.2%; previous 3.2%;
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๐ดA New Era at the Fed: Kevin Warsh Takes the Helm. US30 above 50k
Is Waller echoing Warsh's stance? Keeping rates steady but pressing ahead with balance sheet reduction?