• Fed speakers: the president of the Federal Reserve Bank of Philadelphia, Patrick T. Harker, will deliver a speech in
New York, while the president of the Minneapolis Fed, Neel Kashkari, will participate in a round table in Minneapolis.
• The Trump administration will release its budget request, a package
that calls for spending more than $2.6 billion on border security — including $1.6 billion to begin work on a border wall — and cutting more than $800 billion from Medicaid.
Movers: Trump’s Budget and Fed Speakers –
By THE NEW YORK TIMESMAY 23, 2017
We’re following major developments in the markets throughout the day.
The rise in the Ifo Institute’s gauge was driven by a positive assessment from manufacturing, with
many companies in the sector planning to raise production and forecasting an increase in prices.