- A plurality of policymakers from the US Federal Reserve (Fed) are making appearances on Tuesday, working steadily to try and force down rate cut expectations amidst stubbornly-high inflation.
- [Fed policymakers urge the need for patience as policymakers wait for more data]
- US Retail Sales failed to recover as strongly as forecasts anticipated in May, coming in at 0.1% versus the expected 0.2%. The previous month’s figure was also revised lower to -0.2% from the initial 0.0%.
- US Retail Sales ex Autos declined 0.1% in May, flubbing the 0.2% forecast while the previous print was also revised down to -0.1% from 0.2%.
- BoC’s Summary of Deliberations on Wednesday are unlikely to reveal much new from the Canadian central bank, but there won’t be much else for CAD traders to watch with US markets slated to be shuttered for the Juneteenth holiday.
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