US Consumers Show Signs of Slowdown Amid High Inflation

• US Focus on personal spending and income report and Fed's favored inflation measure, core PCE deflator. Signs of weakness expected in real consumer spending.

• US New home sales and durable goods orders data. Lift expected in new home sales, but mortgage application numbers have dropped back.

• Hungary 75bp rate cut and hawkish 2024 Q2 guidance expected from National Bank of Hungary.

• Hungary Deterioration expected in current account balance and mixed labor market data.

• Developed markets Key events per attached schedules from Refinitiv and ING sources.