The Federal Reserve’s preferred inflation gauge accelerated in May as both consumer spending and personal income exceeded expectations, reinforcing the picture of a resilient US economy facing persistent price pressures. Personal income rose 0.7% mom, well above the expected 0.4% increase after being flat in April, while personal spending also advanced 0.7% mom, topping forecasts […]
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President Donald Trump met with the CEOs of Boeing, Lockheed Martin, and Honeywell at the White House on Wednesday, pressing them to speed up weapons production hours after the White House asked Congress for $87.6 Read more…
Following a flat reading in April, personal income rebounded by 0.7% month-over-month (m/m) in May, ahead of market expectations for a 0.4% gain. The gain was driven by a firming in wages and salaries, and Read more…
Monetary policy divergence is weighing on EURUSD. Europe has always recovered from crises. The US dollar is on track to close the month with its biggest gain since July last year, thanks to the Fed’s Read more…