U.S. Defense Secretary Hegseth says the Cuban regime faces significant pressure.

Glenmede head of investment strategy and research Jason Pride expects US inflation pressure to remain concentrated in food and energy and sees core CPI MoM likely to slow. The key market question is whether that pattern will begin to shift, especially if Middle East-related energy price volatility persists. Any signs of price-pressure diffusion would reinforce the Fed’s cautious policy stance; a mildly on‑target, subdued report would support the view that current inflation is transitory and supply‑driven rather than demand‑driven.

Bank of Canada Governor MACKLEM said first-quarter GDP missed expectations mainly due to a pullback in government spending.