Fed Officials Curb Investor Enthusiasm, Caution Against Anticipated Rate Cuts
Recent statements from Fed members have been more hawkish than expected, dampening the market's enthusiasm for a rate-cutting cycle to begin later this year.
‘ TikTok Parent ByteDance Allowed Chinese Communist Party ‘Supreme Access’ To U.S. Data’ – NY Post
https://nypost.com/2023/05/15/tiktok-parent-allowed-chinese-communist-party-supreme-access-to-us-data-suit/
The Chinese Communist Party “maintained supreme access” to all data held by TikTok parent
New York State Manufacturing Sentiment Plummets In May: Trouble Ahead For The ISM Manufacturing PMI?
The New York Empire State Manufacturing Index, which measures the sentiment of manufacturing executives about business conditions in the state of New York, unexpectedly plunged to negative 31.8 points in May, down from 10.8 in April and considerably below the 3.75 decline
Retail Sales Preview: Will Consumer Demand Fall? How Markets Reacted To Prior Reports
The Census Bureau is expected to publish U.S. retail sales data for April prior to the start of Tuesday's trading session.
Here are five key takeaways for investors ahead of the report and analyst reactions to past releases.
‘Fed Governor Philip Jefferson Named As New Vice Chair To Succeed Lael Brainard’ – CNBC
https://www.cnbc.com/2023/05/12/fed-governor-philip-jefferson-named-as-new-vice-chair-to-succeed-lael-brainard.html
President Joe Biden said Friday he will nominate Philip Jefferson to serve as the central
University Of Michigan Consumer Sentiment Plummets In May, Inflation Expectations Stay Elevated
The preliminary estimates for the University of Michigan consumer sentiment index as high interest rates and persistent price pressures wreak havoc on U.S. consumer morale.
University of Michigan’s May Consumer Sentiment Forecast: Inflation Concerns Threaten Market Sectors
On Friday, May 12, at 10 a.m.
Unemployment Claims Rise, Highest Since October 2021: Signs Of Cracks In The Job Market
The number of Americans registering for unemployment benefits in the week ending May 6 rose by 22,000 to 264,000, above the expected 242,000, the U.S. Labor Department reported Thursday.
US Producer Prices Rise Less Than Expected In April, Cementing Hopes Of Fed Hold In June
The Producer Price Index (PPI) for final demand rose 0.2% month-over-month in April, rebounding after the revised 0.4% drop in March but coming in below the expected 0.3% increase, the U.S. Bureau of Labor Statistics reported Thursday.