US GDP and PCE Inflation Up Next Before July FOMC

Market Picture Crypto market capitalisation has fallen to $2 trillion, hitting lows since 8th August and losing almost 10% over the past seven days. The decline has slowed since the second half of last week, but the downtrend persists. The Cryptocurrency Fear and Greed Index fell to 26 (fear). Bitcoin is trading around $57.5K, having […]

Markets US Treasury and German yields both ended a fairly quiet trading day a few basis points lower. Fed’s Waller in a second speech yesterday said that he’d consider a rate cut at the end of the year (December) if the data warranted it. He added that policy was restrictive enough though, echoing comments made […]

In focus today In the euro area, we receive the final euro area inflation data for April. We will especially look out for what drove the still strong service inflation and the measures of domestic inflation as these are key for the monetary policy outlook. Economic and market news What happened overnight In Japan, Kazuo […]