1️⃣ Yesterday's main news
10-year US Treasury yield once returned to 1.70%.
- The US annual CPI rate in April reached the highest level in 13 years.
- Fed vice chairman downplayed the importance of rising inflation.
- The two sides in the United States are likely to reach compromise on the infrastructure plan.
The US budget deficit rose to a record 1.9 trillion dollars.
- Colonial is restarting the pipeline.
- The SEC issues Bitcoin futures risk warning for mutual fund investors.
- US crude oil exports fell the most in history last week.
- The IEA lowered its forecast for global crude oil demand growth in 2021.
2️⃣ Facts and important data today
- At tonight, the United States will announce the April PPI monthly rate, which is expected to record 0.3%, compared with the previous value of 1%.
- At tonight, the FOMC 2021 voting committee and Fed Chairman Richmond Barkin will deliver a speech; on Friday, Fed Governor Waller will deliver a speech on the outlook for the US economy. Investors can pay attention to their views on the latest inflation data.
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