USA Existing Home Sales (MoM) for May (0.900)% vs (2.700)% Prior
USA Existing Home Sales (MoM) for May (0.900)% vs (2.700)% prior reading.
Cathie Wood Maintains Inflation To Prove Temporary, Says ‘Cracks’ In Commodity Markets Evident
Cathie Wood on Monday maintained she’s not concerned about inflation and rising interests as much as the cracks in the commodity markets, which could pose a bigger risk.
Baker Hughes Reports Rig Counts For Last Week: U.S. Total Rigs Up 9, U.S. Oil Rigs Up 8.
(NYSE:USO) Baker Hughes Reports Rig Counts For Last Week: U.S. Total Rigs Up 9, U.S. Oil Rigs Up 8.
President Joe Biden Tweets ‘At this point last year, the Fed projected 5% growth in 2021. Now, they’re projecting 7% growth. Our economic plans are working — and we can’t stop now.’
https://twitter.com/POTUS/status/1407012345260523532
Economist Reacts To Flattening Yield Curve
The Federal Reserve shifted market expectations in a significant way on Wednesday with its updated dot plot projections and commentary related to inflation.
USA Leading Index (MoM) for May 1.300% vs 1.300% Est; Prior 0.600%
USA Leading Index (MoM) for May 1.300% vs 1.300% consensus estimate. The prior reading was 0.600%.