Live news: US mortgage rates hit highest level since 2000

GDP: The US will launch its closing estimate for its second-quarter financial development, with economists polled by LSEG anticipating gross home product to carry regular at its second studying of a 2.1 per cent annualised enhance.

Fedspeak: US Federal Reserve chair Jay Powell will converse earlier than educators in Washington at 4pm Eastern time. Earlier within the day, Fed governor Lisa Cook will give closing remarks at a discussion board on minorities in banking, hosted by the central financial institution’s Dallas department.

Jobless claims: Initial claims for US state unemployment advantages, a proxy for lay-offs, are anticipated to have risen to 215,000 final week from 201,000 the prior week, because the labour market continues to point out resilience regardless of the Fed’s efforts to squeeze the economic system.

Mexico rates: Mexico’s central financial institution is anticipated to carry its benchmark rate of interest regular at 11.25 per cent. Banxico final raised rates in March.

Biden: US president Joe Biden will go to Arizona to ship a speech on democracy in honour of former senator and ex-Republican presidential nominee John McCain.

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