Morning Juice - US Session

26 May 2023 11:26US Bonds US Indexes USD

Good Morning Traders!
It is Friday the 26th of May, Today we get some important US Data, but here are some other things to look out for:

This morning, the dollar fell and US Treasuries rose after comments from a Federal Reserve official dampened speculation that US interest rates would continue to rise in the coming months.
Investors are still focused on the Fed's policy outlook as well as talks to extend the US debt ceiling.

According to analysts, the April PCE print today will be unwelcome news for the FOMC as it prepares for its June 13th-14th meeting.
PCE inflation is expected to increase in April, while core inflation remained elevated, thanks in part to a tight labor market that boosted income growth.

According to people familiar with the situation, Republican and White House negotiators are getting closer to an agreement to raise the debt limit and cap federal spending for two years, as time runs out to avoid a catastrophic US default.


8:30 AM ET
US PCE Price Index for April
YoY - Median Forecast 4.3% | Prior 4.2% | Range 4.4%/3.8%
MoM - Median Forecast 0.3% | Prior 0.1% | Range 0.4%/0.2%
Core YoY - Median Forecast 4.6% | Prior 4.6% | Range 4.7%/4.2%
Core MoM - Median Forecast 0.3% | Prior 0.3% | Range  0.4%/0.2%

US Consumer Spending MoM for April
Median Forecast 0.5% | Prior 0% | Range 1.1%/0%

US Durable Goods April Prelim
Median Forecast -1% | Prior 3.2% | Range 2%/-2.5%

10:00 AM ET
University Michigan Sentiment Final for May
Median Forecast 58 | Prior 57.7 | Range 63.5/57
1 Yr Inflation - Median Forecast 4.5% | Prior 4.5% | Range 4.5%/4.4%
5 Yr Inflation - Median Forecast 3.1% | Prior 3.2% | Range 3.2%/3%

Good Luck Today Traders!