*Biden reveals “Bidenomics” re-election pitch to voters
* WE revision new restrictions on AI chip exports to China
* Will be exports get China out of its economic slowdown?
* US Consumer Confidence Index mounted at a 17-month high in June
* US house prices after first year over year decline in 11 years in april
* Proximity push in US helps elevator Mexico exports at near record level
* Walgreens stock drops as a company warns consumers slow down their spending
* Fed Funds Futures moderately high price for another 1/4 point rate hike:
The policy-sensitive 2-year US Treasury yield continues to trade near its 3.5-month high as consumer confidence mounted at 17 months high, forward market prices have moderately high odds for another rate hike and economic data is convincing some economists to downplay recession risks. “Consumer attitudes remain resilient,” writing Jefferies, US economist Thomas Simons, in a note Tuesday. “There are storm clouds on the horizon, but the consumer is growing weary of the expectation of an impending recession.”
