The ANZ Australian Morning Focus highlights a hawkish pivot by Fed Governor Waller and a record low in US consumer sentiment. Global markets are also watching progress toward a US-Iran deal to reopen the Strait of Hormuz.
Key Takeaways
- 1.Potential US-Iran agreement to reopen the Strait of Hormuz is under negotiation, though sticking points remain.
- 2.Fed Governor Waller has shifted to a more hawkish stance, supporting the removal of the FOMC's easing bias.
- 3.US University of Michigan Consumer Sentiment hit a record low in May, driven by energy shock and inflation concerns.
Table of Contents
- Highlights
- Today (AEST)
- Global markets overview
- Data/event pulse
- Key themes and views
- Commodities
- Important Notice
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Authors
Madeline DunkBrian MartinDaniel Hynes
Securities
S&P 500US 10Y YieldWTIXAU
Themes
Fed Hawkish ShiftGeopolitical De-escalation NegotiationsConsumer Sentiment and Inflation
Regions
North AmericaMiddle EastAsia PacificUnited StatesIranAustralia