Crédit Agricole CIB
May 19, 2026
US Macro Weekly
Weekly UpdateMacro Economic IndicatorsRates Govt BondsReal EstateFinancialsOther
A weekly overview of the US macro environment highlighting an expected hawkish tone in the April Fed minutes and the negative impact of the Iran war on consumer sentiment.
Key Takeaways
- 1.April FOMC minutes are expected to reveal a hawkish lean, with discussions potentially involving removing the easing bias or even considering rate hikes.
- 2.Consumer sentiment has hit rock-bottom levels due to the Iran war and affordability concerns, though actual spending remains resilient due to higher tax refunds.
- 3.The Fed is expected to remain on an extended hold for the remainder of the year rather than returning to tightening.
Table of Contents
- Week ahead
- Key Market Movers
- Highlighted US Publications
- US Macro Weekly: Economic Calendar
- US Dashboards
- US Inflation Forecast
- Macro Research advanced tools
- Red Mount Analytics
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Authors
Nicholas Van Ness
Securities
Federal ReserveUS 20Y Bond
Themes
Monetary Policy HawkishnessGeopolitical Impact on Consumer SentimentHousing Market Volatility
Regions
North AmericaUnited States