📣 Minneapolis Fed President Neel Kashkari said that the US economy remains stable...

📣 Minneapolis Fed President Neel Kashkari said that the US economy remains stable, so he does not see the need to rush to cut rates;

🏛 According to the FedWatch Tool, the probability of a rate cut in September is now 40% versus 44.9% at the beginning of the week;

🇺🇸 The Conference Board Consumer Confidence Index in the US rose to 102 in May from 97.5 in April;

🇦🇺Australia's monthly consumer price index (CPI) rose 3.6% year-on-year in April, up from 3.5% in March;

🇨🇳 The IMF raised China's economic growth target in 2024 from 4.6% to 5%.

🇯🇵 Inflation in Japan rose 1.1% in April compared to a 1.3% rise in March;

🛢 OPEC+ countries at the meeting on June 2 will most likely refrain from additional production cuts, despite the two-month downward trend in the oil market.

29.05.2024