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May 1, 2024 7:58 PM UTC
The May 1 FOMC statement, and Chairman Jerome Powell’s press conference, while noting recent inflation disappointment, did not deliver a strong pivot in tone. The Fed is still waiting for data to allow easing to take place, but still expects inflation to slow, and looks ready to respond once data
May 17, 2024 4:04 PM UTC
April’s core PCE price index looks set to come in close to 0.25% before rounding, though we expect the index to be rounded down to 0.2%, while overall PCE prices are rounded up to 0.3%. We expect a subdued 0.2% increase in personal income to underperform a 0.4% increase in personal spending.
May 17, 2024 12:00 AM UTC
EMERGING ASIA
EM currencies perform individually against the USD as the greenback followed the post CPI drop initially before rebounding in the New York session. KRW saw the largest gains of 1.79%, followed by THB 1.09%, IDR 0.65%, TWD 0.61%, MYR 0.5%, PHP 0.12% and HKD 0.11%; the biggest losers are