Fed’s Kashkari (2026 voter) said it is too early to predict the timing of the next Fed action when asked about market pricing for an October rate hike
French Finance Minister Lescure says keeping the target of deficit below 5% in 2026 and 3% in 2029
French Consumer Confidence (May) 82 vs. Exp. 85 (Prev. 84)
Fed’s Kashkari (2026 voter) said it is too early to predict the timing of the next Fed action when asked about market pricing for an October rate hike
French Finance Minister Lescure welcomes the move by TotalEnergies (TTE FP) to continue capping fuel prices in June
Iran reiterates to regional countries, “If you enter a coalition against us, you will pay a price; but if you accept the logic of regional cooperation, Iran is not a threat to you", state-run Nour News reports
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MANDATES
- US inflation risk is currently higher than labour-market deterioration risk, though both must be monitored.
DATA
- US data since his April dissent show inflation risks rising, not falling.
BOND MARKETS
- Global inflation concerns are weighing on bond markets.
MIDDLE EAST
- Inflation shockwave from the Middle East war may continue to spread globally.
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