The report highlights robust US labor and ISM manufacturing/services data that suggests a hawkish shift in Fed outlook. It also covers market implications for Colombian and Peruvian elections and provides updates on the upcoming FIFA World Cup economic impact.
Key Takeaways
- 1.Strong US labor data (payrolls +172k) suggests the Fed will likely remove the easing bias from its statement in June.
- 2.US manufacturing and services sectors show ongoing expansion, reaching recent highs in activity index readings.
- 3.In Colombia, the surprise first-round lead of right-wing candidate Abelardo de la Espriella has driven market anticipation of pro-business reforms.
Table of Contents
- US Week in Review
- What to Watch for Next Week
- US Rates Strategy
- LatAm Highlights
- Colombia – When economic momentum meets a surprise ballot
- Peru - Election is between two hated candidates
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Authors
Benito BerberChristopher HodgeJohn BriggsSelin AkerEmeline Gorguet
Securities
US 2-Year Treasury Note
Themes
Central Bank PolicyElectionsEconomic Growth
Regions
North AmericaLatin AmericaUnited StatesMexicoColombia