- U.S. GDP rose 1.3% in the first quarter, weaker than expected due to the slow housing sector. YoY real U.S. GDP rose 2.8%. The GDP price deflator rose 4.0% YoY.
- The U.S. employment cost index was up 0.8% in the first quarter and up 3.5% YoY.
- There is the potential for a downturn in the U.S. economy that could have ripple effects around the world, San Francisco Federal Reserve President Janet Yellen said.
- YoY Japans consumer prices fell 0.1%.
YoY Japans retail sales were down 0.7% while household spending was up 0.1%.
Japans industrial production fell 0.6% in March
Japans unemployment rate remained at 4.0%.
The Bank of Japan left interest rate unchanged at 0.50%,
- Mexico increased its overnight interest rate from 7.00% to 7.25%.
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