Wednesday is a big one on the US economic calendar with (all times ET):
- 8:15 ADP Employment Change exp 148k
- 9:45 S&P Global US Services PMI exp 51.7 prelim
- 10:00 ISM services 52.7 exp
We will hear from more Fed speakers on Wednesday:
- 8:30 - Bostic on CNBC
- Noon - Goolsbee
- 12:10 pm - Powell (text release)
- 1:10 pm - Barr
- 4:30 pm - Kugler (text release)
The market is currently pricing in 69 bps in cuts this year with June at 65% (ticking higher on today's FOMC comments).
