U.S. pending home sales (contract signings) MoM +3.8% in May vs +0.8% expected; April revised to +0.3% from +1.4%.

Nearly half of Federal Reserve policymakers no longer believe that holding borrowing costs steady would be sufficient to bring inflation back to 2% if oil prices spike after a war involving Iran. The Fed's latest dot plot shows views on the rate path shifting from how long to hold rates before cuts to growing concern about the need for additional hikes; some officials now expect rate increases. Wednesday's projections revised inflation sharply higher since March: median PCE YoY is now seen at 3.6% by year-end (March: 2.7%), median core PCE YoY at 3.3% (March: 2.7%). Median year-end unemployment is 4.3% — matching May's reading and below March's 4.4% — indicating policymakers increasingly see the labor market as not weakening and reducing the case for rate cuts.

美国总统特朗普：霍尔木兹海峡（的开放）远不如伊朗不拥有核武器重要。