- In line with European stocks, US equity futures edged up as investors awaited US inflation data that would provide insight into the Federal Reserve's next policy decision.
- S&P 500 contract prices rose 0.2% in little activity ahead of the news that may spark new turbulence. As the currency was generally weaker, Treasury two-year rates increased and maintained their level over 4%.
- The core reading is projected to decline both monthly and annually, reinforcing market expectations that the Fed will deliver one more rate hike before pausing and switching to looser policy in the second half of the year. - US headline inflation is predicted to fall.
- It's a tricky balancing act for Fed policymakers to try to stabilise shaky banks while also trying to rein in inflation that is out of control.
- BoJ Deputy Governor Uchida: We will continue monetary easing in order to achieve our price stability target sustainably and stably.
