US April PPI +2.2% y/y vs +2.2% expectedPowell: The labor market is about as tight as it was before the pandemic in 2019US credit card balances rose 13.1% year-over-year in the first quarterECB's Wunsch: High rates for longer from the Fed might lead to a slower pace of cutsECB's Knot: Highlights how US pandemic decisions were productivity-enhancingHome Depot sees softening demand for large projectsPres. Biden: China heavily subsidizes products that are dumped in foreign marketsFed's Cook doesn't comment on monetary policyNasdaq closes at a new record highMarkets:Gold up $21 to $2357WTI crude oil down $0.78 to $78.34'US 10-year yields down 3.6 bps to 4.445%NZD leads, JPY lagsS&P 500 up 0.5%Th
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