^{22 May 2023} The Week Ahead: Crucial data week with US and UK inflation; CBRT likely on hold

US: April PCE and FOMC minutes are key this week. Progress on the debt ceiling negotiations (page 3), minutes of the May FOMC meeting (due Wednesday) and April PCE inflation (due Friday) will be key developments from the US this week. The Fed hiked by 25 bps at its 2 May meeting, while signalling a pause on future rate hikes.

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