The market - implied odds of a December rate increase have slid to less than 50 percent, versus as high as 80 percent last month, according to overnight index swap data compiled by Bloomberg, fueled by a slew of
weak data prints.
Not exact matches
As for U.S.
data, the broad aggregate continues to come in
weaker than expected, with a recent downturn in a broad basket of national and regional economic surveys, and of course, a disappointing April unemployment report (avoiding a negative
print, however, which I suspect will come in the May report).
LexisNexis is motoring: US Legal income fell six percent on customer cutbacks and will continue to be «
weak» this year, but the legal publisher and
data provider's revenue is up 13 percent, even though «strong growth in online revenues was offset by
print declines».