- Statements from Fed speakers are under focus after the FOMC meeting, Waller will be on the wires later in the session.
- According to the CME FedWatch Tool, the odds of easing starting in June stand near 60%.
- The headline Personal Consumption Expenditures (PCE) is expected to have risen by 2.5% YoY, while the core measure is seen coming in at 2.8%. The outcome of the Fed’s preferred gauge of inflation will dictate the pace of the USD for the short term.
- US Treasury bond yields are falling, with the 2-year yield standing at 4.56%, the 5-year yield at 4.19%, and the 10-year yield at 4.20%.
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