— The Fed’s preferred inflation measure, the personal consumption expenditures index ex. Food and energy, rose 0.2% in April, as expected.
— US economic growth last quarter is revised down from 1.6% to 1.3% rate, but consumers kept spending.
— US crude oil posts worst month since November ahead of weekend OPEC+ meeting.
— Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut.
— Impact accounting standards advance as investors demand interoperability.
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