Deutsche Bank economists flag Thursday’s US personal income and spending report, including core PCE, as the key data for the Federal Reserve. They expect core PCE to rise 0.3% month-on-month, with consumption momentum cooling.
European Central Bank (ECB) Chief Economist Philip Lane said in an interview with Nikkei, "I don't think the market needs some kind of extra guidance from us,” when asked about speculation of an interest rate hike by the central bank.
Citing a source close to Tehran's negotiation team, Iran's Tasnim news agency reported on Tuesday that Iran insists $24 billion of frozen Iranian funds must be released in a potential Memorandum of Understanding (MOU) with the United States (US).