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Real-time News
Germanys GfK consumer confidence index fell to -33.3 in May, the lowest level since February 2023.April 27th - The National Dataset Management and Service Platform will be officially launched soon. The "Guidelines for the Construction of High-Quality Datasets," released at the end of August last year, encourages the establishment of two-tiered dataset management and service platforms at the national and local/industry levels. These platforms will enable compliant dataset aggregation, efficient retrieval, sample downloads, quality evaluation, and the creation of a national dataset resource map. A dynamic quality evaluation mechanism will also be established to facilitate the matching of dataset supply and demand. Local governments are encouraged to build dataset management and service platforms that provide personalized services based on regional and industry datasets and interconnect with the national platform to promote the secure flow of datasets between supply and demand entities.Germanys GfK consumer confidence index for May was -33.3, compared to a forecast of -29.3 and a revised previous reading of -28.1.Germanys May GfK consumer confidence index will be released in ten minutes.On April 27th, Barclays analysts stated in a report that with inflation remaining high, the Federal Reserve is expected to keep the target range for the federal funds rate unchanged at its meeting this week, but a rate cut is still possible this year. The analysts said, "In a highly uncertain environment, the Fed tends to remain on hold. Strong demand and still relatively high inflation support its patience, and policymakers have also signaled a diminishing confidence in further rate cuts in the near term." The analysts indicated that if inflation falls as expected, the Fed is expected to gain sufficient confidence to begin easing policy around September. "We still expect it to cut rates this year." According to LSEG data, the money market currently prices in a 10 basis point rate cut by the Fed in 2026.
