US Macro Weekly

The report highlights the focus on May inflation data amid ongoing inflationary pressures from the Middle East. Despite resilient economic data, the Fed is expected to maintain an extended hold on rates through 2026.

Key Takeaways

• 1.Headline inflation expected to accelerate to 4.3% YoY in May, driven by energy costs and second-round effects.
• 2.Economic activity remains resilient despite Iran war headwinds, with ISM Manufacturing and Services indices showing improvement.
• 3.Fed policy remains in an extended hold phase; while members have made hawkish noises, a rate hike requires more evidence of de-anchored inflation expectations.

Table of Contents

• Inflation data in the spotlight
• Week ahead
• Week in review
• Key Market Movers
• Highlighted US Publications
• US Economic Outlook
• US Macro Weekly: Economic Calendar
• US Dashboards
• US Inflation Forecast
• Macro Research advanced tools
• Red Mount Analytics

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