Federal Reserve Governor Lisa Cook is scheduled to speak in ten minutes.

U.S. Treasury Secretary BESSENT said U.S. real GDP grew 2.7% over the past four quarters.

REUTERS POLL: analysts (14, May 19-26) say Iran war shock and lack of hot AI names likely limit further gains in European stocks; median sees STOXX Europe 600 at 645 by year-end (+~2.6% vs current) and at 670 mid-2027, 694 end-2027 (+6.6% and +10.4% vs current); STOXX 600 YTD +6.1% driven almost entirely by gains in first two months of 2026, before Iran war; analysts expect Europe to lag without AI large-caps — European tech +~20% YTD but ~10% weight in STOXX 600.