US: Wholesale inventories and Fed’s Dudley in focus - BBH

Research Team at BBH, suggests that during the North American session, the US reports March whole inventories and JOLTS jobs openings.

Key Quotes

“NY Fed President Dudley speaks in Zurich today. Some highlights from his interview in the New York Times Friday are worth noting. On the April jobs number, Dudley said "I wouldn’t make too much about the headline payroll number being a little softer, because there’s other things in the report that are more positive.” On Fed tightening this year, he noted that "The expectations that were shown in the March summary of economic projections, the median of two rate hikes, seems like a reasonable expectation. But it depends on how the economy evolves."