US Treasury Secretary Bessent says in interview with CBS to expect to see real wage gains as soon as June, also comments he is hopeful gas prices drop to USD 3/gallon by Labor Day and notes that gas prices are a little stickier on the way down
[MARKET ANALYSIS] Oil futures are rangebound amid a lack of significant geopolitical developments, while gold extends on post-NFP advances
Vietnam Retail Sales YoY (Jun) Y/Y 13.9% (Prev. 11.8%)
US Treasury Secretary Bessent says in interview with CBS to expect to see real wage gains as soon as June, also comments he is hopeful gas prices drop to USD 3/gallon by Labor Day and notes that gas prices are a little stickier on the way down
Vietnam Tourist Arrivals YoY (Jun) Y/Y 14.7% (Prev. 16.5%)
Vietnam Industrial Production YoY (Jun) Y/Y 12.7% (Prev. 8.8%)
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Says:
- Wages and inflation discrepancy is short-term spike.
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