United States — United States Department of Commerce & Kevin Warsh

United States — United States Department of Commerce: The United States — United States Department of Commerce revised its first-quarter GDP growth estimates and reported on the Personal Consumption Expenditures price index, providing key economic data.

Kevin Warsh: Kevin Warsh, the new United States — Federal Reserve chair, is in a difficult position as he presides over his first policy meeting amidst high inflation, with expectations of potential rate hikes despite his previous advocacy for rate cuts.

United States — United States Department of Commerce: The United States — United States Department of Commerce reported a slowdown in retail sales in April, with higher gas prices fueled by the Iran war meaning less money for nonessential goods.

Kevin Warsh: Kevin Warsh, the new Chair of the United States — Federal Reserve, is known for his hawkish stance on interest rates and has emphasized the threat of elevated inflation, which is a direct consequence of the Iran war.

United States — United States Department of Commerce: The United States — United States Department of Commerce reported a steep drop in new orders for U.S. manufactured goods, impacting economic sentiment.

Kevin Warsh: As the new Chair of the United States — Federal Reserve, Kevin Warsh's post-meeting comments could impact the outlook for interest rates.