Trump: New tariffs will be imposed on many countries within the next two to three weeks. If an agreement cannot be reached on the Ukraine issue, 'destructive' sanctions will be imposed on Russia.
Federal Reserve's Bostic stated that he expects the U.S. economy to slow down this year but not fall into recession, and he reiterated his expectation of a rate cut in 2025.
U.S. Treasury Secretary Basant: The U.S. is focusing tariff discussions on 18 key partnerships. If countries do not negotiate sincerely, they will receive a letter containing U.S. tariff rates, which will be at the level of April 2.
U.S. Secretary of State Rubio: All NATO member countries will agree on a goal of defense spending reaching 5% of GDP within the next decade.
U.S. May one-year inflation expectations hit the highest since 1981; consumer confidence slightly dipped to the second-lowest in history but ended four consecutive months of significant decline.
Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, while adjusting the outlook on the U.S. sovereign credit rating from 'negative' to 'stable'.