Emerging Asian Central Banks to Maintain or Increase Accommodation: Emerging Asian Central Banks to Maintain or Increase Accommodation: Emerging Asia's central banks have shifted to even easier stances or held steady amid slower growth and elevated uncertainty in the region. Against this backdrop, the outlook is for either additional accommodation or steady policy through this year. Yet strength of the U.S. dollar may continue to challenge the ability of some banks to boost accommodation in order to support GDP growth, despite the recent cracks that have appeared in the dollar's ascent.
U.S Navy denies confrontation with Iranian millitary, NBC News reports Reference Link
U.S. consumer confidence dropped 6.2 points to 95.2 in April U.S. consumer confidence dropped 6.2 points to 95.2 in April, after rising 2.6 points to 101.4 in March (revised from 101.3). This is a big miss relative to expectations for a gain to 102.0, and is the lowest reading since December. The present situations component fell to 106.8 from 109.5 (revised from 109.1). The expectations index slid to 87.5 from 96.0. The labor differential (jobs plentiful minus jobs hard to get) dropped back to -7.3 from -4.8, and is the lowest since December's -10.1. The 12-month inflation index decelerated to 4.8% from 5.2%. None of these data pieces are good news for the Fed.