US Used Car Prices YoY (Apr) Y/Y 1.8% (Prev. 6.2%)
The year-on-year increase in US used car prices has slowed significantly from 6.2% to 1.8% in April.
NBP Governor Glapinski says central bank has PLN 160bln unrealised profit on gold holdings and currently holding 600 T of gold
Lebanon presidency seeks to discuss a final cessation of hostilities agreement; Lebanese official source to Al Jazeera the negotiation rounds at the delegation level will kick off next week in Washington
US Used Car Prices YoY (Apr) Y/Y 1.8% (Prev. 6.2%)
Daily US Equity Opening News - ARM falls on royalty revenue and costs; MCD & DASH rise after beats
US President Trump “badly wants the war to end,” reports Politico citing senior Gulf Arab official; “But the Iranians so far refusing to give him what he needs to save face and leave. And he does not seem to understand that they need to save face, too”
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This notable deceleration may indicate a cooling in inflation pressures, which could influence expectations around Fed policy and interest rates moving forward.
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