_________

FED'S HARKER: INFLATION IS STUBBORN, BUT LIKELY TO COME DOWN OVER TIME.

_________

FED'S HARKER: UNEMPLOYMENT IS GOING TO TICK UP TO AROUND 4.4%.

_________

FED'S HARKER: THE ECONOMY IS INCREDIBLY RESILIENT.

_________

FED'S HARKER: OUR MODAL FORECAST IS NOT FOR A RECESSION.

_________

FED'S HARKER: THIS ECONOMY KEEPS CHUGGING ALONG.

_________

FED JUNE RATE HIKE NOW SEEN AS A ONE-IN-THREE CHANCE, BASED ON FED FUNDS FUTURES; DOWN FROM 67% CHANCE SEEN BEFORE FED'S JEFFERSON'S REMARKS

_________

FED JUNE RATE HIKE NOW SEEN AS A ONE-IN-THREE CHANCE, BASED ON FED FUNDS FUTURES; DOWN FROM 67% CHANCE SEEN BEFORE FED'S JEFFERSON'S REMARKS.

_________

FED'S JEFFERSON FULL SPEECH https://www.federalreserve.gov/newsevents/speech/jefferson20230531a.htm

_________

FED'S JEFFERSON: HOLDING US CENTRAL BANK'S POLICY RATE CONSTANT 'AT A COMING MEETING' SHOULD NOT BE TAKEN TO MEAN RATES HAVE REACHED A PEAK FOR THIS TIGHTENING CYCLE

_________

US SHORT-TERM INTEREST-RATE TRADERS TRIM BETS ON FURTHER FED POLICY TIGHTENING AFTER JEFFERSON'S REMARKS.

_________

WALMART EXEC DAN BARTLETT, ON AI, SAYS "WITH CHATGPT WE ARE LEARNING MORE ABOUT IT AND HOW TO IMPLEMENT THAT"

_________

FED'S JEFFERSON: CONDITIONS IN THE BANKING SECTOR HAVE STABILIZED, THE SYSTEM REMAINS RESILIENT.

_________

FED'S JEFFERSON: INFLATION REMAINS TOO HIGH AND PROGRESS BY SOME MEASURES HAS BEEN SLOWING.

_________

FED'S JEFFERSON: IMPACT OF TIGHTER CREDIT ON THE ECONOMY REMAINS UNCERTAIN.

_________

FED'S JEFFERSON: SKIPPING A RATE INCREASE AT A COMING MEETING WOULD ALLOW FED OFFICIALS TO SEE MORE DATA BEFORE DECIDING ON EXTENT OF ADDITIONAL TIGHTENING THAT MIGHT BE NEEDED.

_________

FED'S JEFFERSON: BASE CASE OUTLOOK IS NOT FOR RECESSION, HIGHER INTEREST RATES AND LOWER EARNINGS COULD TEST THE ABILITY OF BUSINESSES TO SERVICE DEBT.

_________

FED''S JEFFERSON: MONETARY POLICY WORKS WITH A LAG, AND A YEAR IS NOT LONG ENOUGH TO FEEL THE FULL EFFECT.

_________

FED'S JEFFERSON: HOLDING THE US CENTRAL BANK'S POLICY RATE CONSTANT AT A COMING MEETING SHOULD NOT BE TAKEN TO MEAN RATES HAVE REACHED A PEAK FOR THIS TIGHTENING CYCLE.

_________

FED'S JEFFERSON: THE FED STAFF WORKING DILIGENTLY ON BASEL III PROPOSAL, EXPECTED TO BE ISSUED FOR PUBLIC COMMENT SOON.

_________

FED'S JEFFERSON: INFLATION STILL TOO HIGH, BUT PROGRESS IS SLOWING RECENTLY.