Date | 5:26pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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5:26pm | Actual | |||||||||
Mon May 6 | ||||||||||
Mon May 6 | 3:00am | EUR | Spanish Unemployment Change | -60.5K | -74.5K | -33.4K | ||||
All Day | GBP | Bank Holiday | ||||||||
3:15am | EUR | Spanish Services PMI | 56.2 | 56.0 | 56.1 | |||||
3:45am | EUR | Italian Services PMI | 54.3 | 54.7 | 54.6 | |||||
3:50am | EUR | French Final Services PMI | 51.3 | 50.5 | 50.5 | |||||
3:55am | EUR | German Final Services PMI | 53.2 | 53.3 | 53.3 | |||||
4:00am | EUR | Final Services PMI | 53.3 | 52.9 | 52.9 | |||||
4:30am | EUR | Sentix Investor Confidence | -3.6 | -4.8 | -5.9 | |||||
5:00am | EUR | PPI m/m | -0.4% | -0.4% | -1.1% | |||||
7:30am | EUR | German Buba President Nagel Speaks | ||||||||
8:25am | CHF | SNB Chairman Jordan Speaks | ||||||||
12:50pm | USD | FOMC Member Barkin Speaks | ||||||||
1:00pm | USD | FOMC Member Williams Speaks | ||||||||
2:00pm | USD | Loan Officer Survey | ||||||||
7:01pm | GBP | BRC Retail Sales Monitor y/y | 1.8% | 3.2% |
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post: Fed’s Barkin: Inflation Data This Year “Disapppointing...Job is Not Yet Done” Barkin: Confident That Current Restrictive Level of Rates Can Curb Demand Enough to Bring Inflation to Target Barkin: Data “Whiplash” Confirms Value of Fed Being Deliberate post: FED'S BARKIN: I DON'T SEE THE ECONOMY OVERHEATING, BUT THE FED KNOWS HOW TO RESPOND IF IT DOES.Barkin: Navigating Data Whiplash Thank you for that kind introduction and for having me here today. I thought I would speak about the economy and where it may be headed, and then I look forward to your questions and input. I caution you these are my thoughts alone and not necessarily those of anyone else on the Federal Open Market Committee or in the Federal Reserve System. Contrary to most forecasts, including my own, the economy finished 2023 in a good place. Headline inflation, as measured by the personal consumption expenditures (PCE) price index, dropped all the way to 2.6 percent by year-end. For the final seven months of the year, annualized core PCE came in just under our 2 percent target. At the same time, despite higher interest rates, global conflicts, and banking turmoil, economic growth was healthy at 3.4 percent, and unemployment remained near historic lows. But early 2024 inflation data has been disappointing to those who thought that the inflation fight was behind us. In the last three months, quarter-over-quarter core PCE inflation rose to 3.7 percent annualized. Headline rose to 3.4 percent. That number, fortunately, is nowhere near the 7.1 percent headline inflation we saw in June 2022 but does remind us that the job is not yet done. Demand remains robust. While the headline first quarter GDP number came in lower at 1.6 percent, it was held down by the volatile cate
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post: Fed’s Williams: is Seeing Job Growth Moderate Fed’s Williams: Fed is Looking at Totality of Economic Data Fed’s Williams: Eventually There Will Be Rate Cuts post: FED'S WILLIAMS: THE FED BALANCE SHEET WIND DOWN HAS GONE SMOOTHLY. post: <=USD>:*WILLIAMS: EXPECT GOOD THOUGH SOMEWHAT SLOWER GDP GROWTH IN '24 *WILLIAMS: SEE SIGNS HOUSEHOLDS BEING MORE CAREFUL WITH SPENDING *WILLIAMS: HIGHER GOVT DEBT MEANS SOMEWHAT HIGHER GLOBAL RATES *WILLIAMS: TOO SOON TO SAY HOW AI WILL AFFECT LONG-TERM ECONOMY post: WILLIAMS: NEXT FED MOVE LIKELY TO BE LOWER RATES
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post: Hamas Says It Accepts Ceasefire Proposal of Egypt, QatarHamas Accepts Egypt, Qatar's Ceasefire Proposal, Al Jazeera Reports Hamas told Egyptian and Qatari mediators that it had accepted their Gaza ceasefire proposal, Qatari broadcaster Al Jazeera reported on Monday, citing a leading Hamas official. There was no immediate comment from Hamas. post: Our correspondent, quoting an Israeli political source: The “amended” Egyptian proposal differs from the formula approved by Israel https://t.co/wy9sqjJBaJ post: Israeli Channel 12: Israel has not yet received confirmation of Hamas’ announcement that it accepts the broad outlines of the ceasefire https://t.co/ex1gwNNBwN post: An Israeli source: We do not take Hamas’ response seriously, and it is a “unilateral response” from it, and when we receive it, we will study it and respond to it. https://t.co/0FCMxXoJle
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post: Israeli Official: Proposal Includes 'Far-Reaching' Conclusions That Israel Does Not Agree To post: BREAKING: Israeli officials are calling Hamas's announcement that it accepts the current ceasefire agreement "a trick," saying it refers to a one-sided proposal that did not receive Israeli approval and includes terms considered unacceptable. post: ISRAEL STUDYING UPDATED CEASE-FIRE PROPOSAL - CHANNEL 12
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post: FED'S BARKIN: I HEAR STRONGLY FROM BUSINESS CONTACTS THAT THE LABOR MARKET IS NORMALIZING, THOUGH SOME SECTORS THAT FELL BEHIND IN HIRING DURING THE PANDEMIC ARE STILL CATCHING UP. post: FED'S BARKIN: THE METRICS OF WHERE NEUTRAL RATE IS HAVE MOVED UP; BUT FEELS LIKE CURRENT POLICY IS RESTRICTIVE. post: FED'S BARKIN: IT STILL FEELS LIKE THE WEIGHT OF RISKS IS TOWARDS INFLATION. post: FED'S BARKIN: IT TAKES A WHILE TO CORRAL PRICE-SETTERS TO THINK "THEY DON'T HAVE A CHANCE". post: FED'S BARKIN: I TEND TO IMAGINE FED WILL NEED TO TAKE SOME EDGE OFF DEMAND TO FINISH INFLATION FIGHT, THOUGH SOME HELP FROM SUPPLY IS STILL POSSIBLE.