Fed's Goolsbee Says Inflation Going Wrong Way And Stalled There
Low Progress On Services Inflation Could Be Sign Of Spread
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Low Progress On Services Inflation Could Be Sign Of Spread
Chicago Fed President Austan Goolsbee said slow progress on services inflation could be a sign the problem is spreading.
Fed's Goolsbee: Low progress on services inflation could be a sign of spread
Highlights: * Xi Jinping heads to Washington, meetings with Trump in focus * Flash PMI data in focus, as well as more Fedspeak * USD strength pervades, putting key levels in both GBPUSD and USDMXN into view US TSYS: Paring Gains, Flash PMIs Ahead, Trump Welcomes Xi Tonight: s-xi-tonight-1790161492747 Treasuries are mil
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
US equity indexes opened higher on Monday, led by communications services and technology, while energy stocks lagged. Crude oil prices dipped below $100 per barrel and US 10-year Treasury yields eased across the curve.