Negative Interest Rates Policy

Fed's Goolsbee says there's still some potential for a soft landing

Atlanta Fed GDPNow for Q2 growth 2.6% versus a 2.7% last

• GDP Q2 growth still solid at 2.6%

More from de Guindos: Do not believe anyone who names a terminal rate

• ECBs deGuindos adds comments

ICYMI - Federal Reserve insider Timiraos says an FOMC pause over summer "appears likely"

New York Fed President Williams to speak at the New York economic club

• Scheduled to speak at 12:05 PM ET

Federal Reserve says recent turmoil in banking industry has stabilized, could still impact

Fed's Lending survey may give the central bank room to pause

• Focus will be on the quarterly Federal Reserve lending survey to be released at 2 PM ET

US employment trends for April 116.18 versus 115.51 last month

• US employment transfer April 2023

The NZD is the strongest and the CHF is the weakest as the NA session begins

• The USD is marginally lower

Federal Reserve hikes rates by 25 basis points, as expected

• Federal Reserve interest rate decision highlights on May 3, 2023

The odds of a hike tomorrow are down to 82%

• Regional banks sending a strong message

US job cuts - chatter that Morgan Stanley planning to lay off 3,000

The AUD is the strongest and the JPY is the weakest as the North American session begins

• Europe is closed for Labour Day holiday

Chicago Fed March national activity index -0.19 vs -0.19 prior

• No change in the Chicago Fed composite index

ICYMI: Bank of America CEO says "Everything points to a relatively mild recession"