Every atomic assertion extracted from the underlying record, ranked by evidence strength.
Christopher Waller would support removing the "easing bias" language from the policy statement.
President Donald Trump said Washington and Tehran have "largely negotiated" a memorandum of understanding on a peace deal.
Christopher Waller warned that any increase in inflation expectations over the two- to four-year horizon would be "alarming."
Christine Lagarde stated the ECB would respond with higher interest rates if governments loosen fiscal policy too aggressively to cushion the impact of higher energy prices.
BSP Governor Eli Remolona stated the reform "enhances our ability to respond swiftly to shocks without increasing the overall capital burden on banks."
US equities extended their gains last Friday.
The Dow posted a record closing high last Friday.
The IEA's May Oil Market Report cut 2026 global oil demand to about 104 million barrels/day.
Oil prices retreated last Friday.
The pullback in oil prices reflected intermittent speculation over a potential US-Iran ceasefire.
The May reading of the University of Michigan Consumer Sentiment Index is an all-time low.
Removing the "easing bias" language would make clear that a rate cut is no more likely than a rate increase.
The May reading of the University of Michigan Consumer Sentiment Index is down from 48.2 earlier in the month.
The May reading of the University of Michigan Consumer Sentiment Index is below market expectations.
The University of Michigan Consumer Sentiment Index fell to a final reading of 44.8 in May.
Brent declined 5.5% last week.
The 2026 global oil demand forecast is 1.3 million b/d below the pre-Iran-war forecast issued before late February.
Concerns over the cost of living continue to outweigh the positive wealth effect from buoyant equity markets.
Market focus this week will remain on the US-Iran peace process.
Five-year inflation expectations jumped to 3.9% from 3.5%.
Fed Governor Christopher Waller struck a more balanced tone regarding interest rates.
May flash inflation prints from Germany, France, Italy, and Spain are due on Friday.
The ECB will release the account of its April policy meeting on Thursday.
Christopher Waller highlighted inflation expectations over the two- to four-year horizon as a key variable to watch.
Indonesia will provide exemptions for several partner countries, including the US, from parts of its new natural resource export proceeds policy under PP No. 21/2026 from June 1.
Christopher Waller remained relatively positive on the labor market.
Christopher Waller does not see a weakening labor market as the dominant force guiding monetary policy in the months ahead.
Stagflation concerns continued to build in Europe.
The European Commission expects eurozone growth to slow to 0.9% in 2026 from 1.3% in 2025.
Eurozone inflation is forecast to rise to 3.0% in 2026 from 1.9% in 2025.
The 2026 global oil demand forecast is 420k b/d below 2025 actual consumption.
One-year inflation expectations edged up to 4.8% from 4.7% in April.
BoJ Governor Kazuo Ueda met Prime Minister Takaichi on Friday.
The European Commission recommended focusing fiscal support on the most vulnerable groups.
Inflation expectations continued to rise.
The European Commission urged governments to keep fiscal support targeted and temporary.
Kazuo Ueda explained the central bank's basic thinking on monetary policy to Takaichi.
Kazuo Ueda and Takaichi did not discuss the possibility of a June rate hike.
Sentiment among Democrats was broadly unchanged.
ECB President Christine Lagarde warned finance ministers about loosening fiscal policy too aggressively.
The peace deal would reopen the Strait of Hormuz.
The sensitive issue of Iran's stockpile of highly enriched uranium will reportedly be negotiated over the next 30 to 60 days.
Global inflation will be a key theme on the data front this week.
The US PCE price index is due on Tuesday.
The 2026 eurozone inflation forecast of 3.0% is well above the ECB's 2% target.
The eurozone-wide inflation reading is due the following Tuesday.
Sentiment among Republicans dropped to the lowest level since November 2024.
The ECB will release its Financial Stability Review on Wednesday.
Japan's Tokyo CPI will be released on Friday.
Australia will publish its April CPI on Wednesday.
The pullback in oil prices reflected growing concerns about demand destruction from elevated oil prices.
PP No. 21/2026 requires natural resource exporters to deposit 100% of export proceeds into state-owned bank accounts.
The regulation sets a minimum retention of 30% for oil and gas exports for at least three months.
The regulation sets a minimum retention of 100% for non-oil and gas exports for at least 12 months.
The Indonesian government lowered the mandatory conversion of foreign currency export proceeds into IDR to a maximum of 50% from 100%.
Mining export proceeds under bilateral trade agreements must retain at least 30% for three months.
Mining export proceeds under bilateral trade agreements may be placed in non-Himbara banks.
Malaysia's Domestic Trade Minister Armizan Mohd Ali said the government will expand Subsidised Diesel Control System (SKDS) eligibility.
SKDS eligibility will be expanded to jeeps and pickup trucks in the land goods transport sector nationwide from June 1.
WTI fell 8.5% to US$96.46/bbl last week.