Daily Briefing: - 'Yellow vests' aim to turn May Day into mass protest against Macron - Spanish Socialists’ election victory a relief for Europe’s struggling left - UK Labour Party resists calls to embrace second Brexit referendum
Wednesday’s news of a rebound in U.S. consumer confidence last month also chimed with last week’s surprisingly strong first-quarter U.S. growth of 3.2 percent, but is still failing to generate any alarm in a range of U.S. inflation and wage indicators released over the past week.
The Fed may keep options open on its next direction, but it has little interest in guiding one way on the other right now. Ten-year U.S. Treasury yields were lower first thing and the dollar higher across the board before tonight’s decision and press conference.