U.S. Treasury Secretary Janet Yellen insisted on Wednesday that early June was the deadline for defaulting on the debt ceiling and said she would update Congress soon on the administration's finances. It's hard to say exactly when the U.S. government will run out of resources, and the White House's negotiations to raise the debt ceiling are currently "making modest progress." Fed officials "generally agree" that the need for further rate hikes "has become less certain," with some saying the 25 basis point hike they approved could be the last hike in the cycle. Other policymakers warn that the Fed needs to maintain its options given the risks to persistent inflation, which is currently more than double the Fed's 2% target. This increases expectations that the Fed may pause aggressive rate hikes at its upcoming June 13-14 meeting. Investors need to pay close attention to further news of the debt ceiling negotiations in the near future, in addition, they need to pay attention to the change in the number of US jobless claims, pay attention to the revision of the US GDP series for the first quarter, continue to pay attention to the speech of Fed officials, and watch for the change in market expectations for the US PCE data for April, which will be released on Friday.
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Comment:
The market is generated while waiting