Crude oil -0.833MGasoline -1.6000MDistilates -1.271M
The private data released late yesterday showed:
No rate change expected.
Focus will be on forward guidance and the Fed's data-dependent posture amid policy uncertainty.
The questions will likely center on the expectations for policy given the tariffs and its potential impact on growth/inflation.
As time passes without resolution, companies will be forced to make pricing decisions, and supply chains could face renewed strain. While employment trends may help absorb some inflationary pressure, broader effects may begin to surface. The U.S. economy is a complex mix of moving parts.
he market is pricing in a 30% chance for a cut at the June meeting.
Consumer credit will also be released at 3 PM this afternoon with expectations of 9.50 billion increase versus the modest -0.81 billion decrease last month.
US stocks are modestly higher in premarket trading as the market reacts positively to the US/China trade talks. The features are employing a 19.34 point rise in the S&P
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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