Canada May building permits 20.2% vs +10.4% expected
Germany June preliminary CPI +0.9% vs +0.6% y/y expected
The pandemic cases are rising in California, Florida, and most of the other US states. Investors continue to worry about the surge in United States COVID-19 cases and the Fed warnings about the banks’ resilience are weighing on the market sentiment. In the latest report, IMF sees a glob...
Actual: 78.1 Forecast: 79.0 Previous: 72.3
US Michigan Consumer Sentiment for June will be another important release of today. The Index is expected to come out at 73.1 in June, the same as the previous number. A higher than expected reading should be taken as positive for the US Dollar.
Fund has provided emergency financing to 72 countries in just over seven weeks. The fund still has about 75% of its $1 trillion in lending capacity available. IMF may get to the point where its resources are tested, but we are not there yet.
US May personal spending +8.2% vs +9.2% expected
Actual: 1.0% Forecast: 0.9% Previous: 1.0%
The Fed preferred measure of inflation, the core PCE index, which calculates spending minus volatile food and energy costs, arrives along with personal spending and income numbers from the Commerce Department on Friday. The May core PCE is expected to come out at 0.9%, year on year basis.
Macron, Merkel will not present a new EU recovery fund proposal next week
ECB Rehn: Recent ECB policy actions were necessary and proportionate The danger of deflation has reemerged We will not opt for early withdrawal of policy It is better to be safe than sorry in this case
ECB Lagarde: We probably have passed the lowest point of the crisis But cautious about the possibility of a second wave of infections Economic recovery will be sequential Does not want to attach recovery to any of the alphabet soup i.e. V,...
1. US Core PCE Price Index The Fed preferred measure of inflation, the core PCE index, which calculates spending minus volatile food and energy costs, arrives along with personal spending and income numbers from the Commerce Department on Friday. The May core PCE is exp...
Atlanta Fed GDPNow 2Q forecast falls to -46.6% from -45.5%
US economic performance hinges on health response Mask wearing is very uneven in US Fed policy no substitute for good healthcare response
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