Philly Fed hawk Plosser is on deck Philly Fed hawk Plosser is on deck to give an economic lecture before a finance conference at Boston College from 12 noon ET. Plosser is one of the more hawkish regional Fed presidents, but is a non-voter in this rotation.
U.S. Challenger reported announced layoffs declined 1.7k in May U.S. Challenger reported announced layoffs declined 1.7k in May to 36,398. That's a third consecutive monthly decline and is down 41.2% y/y. Retail trade (-4.5k) paced the announced cuts for a second straight month and was followed by services (-1.9k). Announced hirings edged up 0.3k. Data are consistent with the modest improvement in the job market.
European Central Bank President Draghi to hold a press conference Press conference following the meeting of the Governing Council of the European Central Bank with President of the ECB, Mario Draghi is being held in Frankfurt, Germany on June 6 at 8:30 am. Webcast Link
Bank of England keeps official bank rate at 0.5% The Bank of England voted to maintain the official bank rate paid on commercial bank reserves at 0.5%. The committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at 375B pounds.