Greenspan made the Fed famous. For him, and the institution, it was a blessing, and a curse.
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Alan Greenspan’s legacy explained: how the Fed became central to modern markets under America’s most influential central banker
Canada Factory Sales Jump an Estimated 4.6% in April
Manufacturing shipments increased from the month prior, marking a third straight month of improving sales for the industry. Source link
Eurozone Retail Sales Fell in April
Eurozone retail sales fell more than expected in April as rising energy prices continued to erode consumer spending power. Source link
Week Ahead for FX, Bonds: U.S. Inflation Data, Trump’s China Visit in Focus
U.S. inflation will be the highlight of economic data during the week ahead as investors gauge the outlook for interest rates in the coming months. […]