1️⃣ Yesterday's main news
- OPEC+ will continue to increase production in July,WTI crude oil hits high since October 2018.
The Fed's federal funds rate fell for the first time since late April.
- Fed Governor Brainard: Further progress is expected in the coming months.
- All JBS beef processing plants in the US were forced to suspend production due to a cyber attack.
India's central bank clarifies that cryptocurrency trading is not prohibited.
- Erdogan says interest rates need to be lowered, Turkish lira plummets.
2️⃣ Today's important facts and data
- Today, the FOMC voting committee and Chicago Fed President Evans will deliver speeches on the current economic situation and monetary policy.
- On Thursday, Minneapolis Fed President Kashkari, Atlanta Fed President Atlanta Bostic, Fed President Dallas Kaplan and Philadelphia Fed President Huck will attend an online conference on race and the economy. At the same time, the Federal Reserve issued the Beige Book.
- On Thursday, API crude inventories from the United States will be released for the week to May 28. The previous value fell by 439,000 barrels.
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