The biggest engine of the US economy is starting to stall!

Against the backdrop of high interest rates, US consumer income and expenditure growth rates both declined, and the savings rate fell to a 16-month low, amplifying the possibility that the Federal Reserve would cut interest rates to a certain extent.

wallstreetcn00:16 ET

Will the attack on non-agricultural agriculture in May change the Fed's interest rate cut bets?

The US non-farm payrolls data for May will be closely watched by investors to determine whether the April slowdown is only a temporary phenomenon. According to a survey, economists expect the number of non-farm payrolls to increase by 180,000 in May, which is basically the same as the 175,000 increase in April. BNP Paribas estimates that the number of non-farm workers in the US will increase by 200,000 in May, slightly higher than 175,000 in April. If employment growth in the US slows more than expected, it may cause some people to cut interest rates earlier.

FX678 Finance21:59 ET

US Dollar: PCE Inflation Eases USD Pressure, Traders Eye OPEC+ Meeting

This report provides a comprehensive analysis of the current market fundamentals affecting the US dollar (USD), examining fiscal policy, economic indicators, and monetary policy developments.

FXStreet17:47 ET

The Federal Reserve needs more evidence to confirm that the path to cooling inflation is unlikely to cut interest rates in the short term

This week, Federal Reserve officials received evidence that inflation continues to fall (albeit fluctuating), but policymakers are unlikely to change their positions where more evidence is needed. The Zhitong Finance App learned that government data released on Friday showed that the basic inflation index preferred by the Federal Reserve cooled down last month, and the growth rate was the slowest since this year. Additionally, consumers cut spending in April as the economy grew slower than expected in the first quarter. These reports paint a picture of a moderate economic slowdown, which is what policymakers want to see, and dispels concerns about a renewed acceleration in price growth. But officials may look for it after the next few weeks of meetings

Zhitong FinanceMay 31 19:00 ET

Oil prices fall as Federal Reserve officials hint they won't cut interest rates

Remarks by Federal Reserve officials about keeping interest rates stable led to a drop in oil prices. U.S. gasoline inventories increased by 2 million barrels, indicating a decline in demand. OPEC+ negotiations will extend sharp production cuts to 2025 and stabilize the market.

FX678 FinanceMay 31 06:31 ET

Will the Federal Reserve's favorite inflation indicator reach a 3-year low?

After the CPI cooled down in April, the progress of US inflation was tested again by key data. Today at 20:30 Beijing time (8:30 a.m. EST), the US Department of Commerce will release PCE data for April. The market currently expects the overall PCE price index to rise 0.3% month-on-month in April, in line with the previous value, and is expected to remain flat at 2.7% year-on-year. The core PCE price index rose 0.3% month-on-month, in line with the previous value. The core PCE price index is expected to remain flat at 2.8% year over year. If the year-on-year increase slows slightly, then the core PCE price index will be the one since April 2021

wallstreetcnMay 31 04:23 ET