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CANADIAN MONEY MARKETS SEE A 37% CHANCE OF A BANK OF CANADA RATE HIKE NEXT WEEK, UP FROM 28% BEFORE THE GDP DATA.
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US REDBOOK YOY ACTUAL 1.2% (FORECAST -, PREVIOUS 1.5%) $MACRO
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NORWAY FOREIGN MINISTER: THERE IS ABSOLUTELY NO REASON FOR HOLDING BACK SWEDEN FROM JOINING NATO
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FED'S BOWMAN FULL SPEECH https://www.federalreserve.gov/newsevents/speech/bowman20230531a.htm
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FED''S BOWMAN: WHILE LOWERED RENTS WILL ULTIMATELY BE REFLECTED IN INFLATION DATA AND HOME PRICES THEMSELVES ARE LEVELING OUT.
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FED'S BOWMAN: PANDEMIC-RELATED SURGE OF HOMEBUILDING AND RENOVATION HAS MODERATED, BUT IMPORTANT TO UNDERSTAND THE LONG-TERM IMPACT ON FAMILY FORMATION AND HOUSING DEMAND.
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FED'S COLLINS DOES NOT COMMENT ON THE ECONOMY OR MONETARY POLICY IN WELCOMING REMARKS TO FED LISTENS EVENT.
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FED'S BOWMAN: REAL-ESTATE REBOUND AFFECTS THE FED FIGHT TO EASE INFLATION.
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BIDEN ADMINISTRATION SEEKS TO INCENTIVIZE MANUFACTURING AND ENERGY INVESTMENTS.
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THE BIDEN ADMINISTRATION RELEASES MORE GUIDANCE ON THE INFLATION REDUCTION ACT.
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POLL: GERMAN HOME PRICES TO FALL 5.5% IN 2023 AND FALL 2.0% IN 2024 (-5.8%; -2.5% IN FEBRUARY POLL).
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FED'S COLLINS & FED'S BOWMAN SPEAK - WATCH LIVE https://youtu.be/9RwfIdgdXAY
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CANADIAN GDP MARCH 2023 FULL REPORT. https://www150.statcan.gc.ca/n1/daily-quotidien/230531/dq230531b-eng.htm?lnk=dai-quo&indid=3569-1&indgeo=0
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CANADA GDP (MOM) (MAR) ACTUAL: 0.0% VS 0.1% PREVIOUS; EST 0.2%
CANADA GDP (QOQ) (Q1) ACTUAL: 0.8% VS 0.0% PREVIOUS; EST 0.4%
CANADA GDP (YOY) (Q1) ACTUAL: 1.70% VS 2.07% PREVIOUS; EST 2.80%
CANADA GDP IMPLICIT PRICE (QOQ) (Q1) ACTUAL: 0.20% VS -0.70% PREVIOUS; EST 1.80%…
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⚠️ BREAKING: CANADIAN GDP QOQ ANNUALIZED ACTUAL 3.1% (FORECAST 2.5%, PREVIOUS 0.0%) $MACRO
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CANADIAN GDP MOM ACTUAL 0.0% (FORECAST -0.1%, PREVIOUS 0.1%) $MACRO
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CANADIAN GDP QOQ ACTUAL 0.8% (FORECAST -, PREVIOUS 0.0%) $MACRO
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GERMAN ECONOMY MINISTRY SPOKESPERSON: FOOD PRICE DEVELOPMENTS ARE STILL OF CONCERN.
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REPUBLICAN REP EMMER: THE DEBT-LIMIT BILL WILL PASS TODAY.