US MBA: REFIS +7% SA; PURCH INDEX -1% SA THRU MAY 17 WK

MNI China Daily Summary: Wednesday, May 22

MNI BRIEF: China Calls For Talk With EU On EV Tariffs - MOFA

MNI BRIEF: China Lacking Meaningful Opening - Britcham

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1077 Weds; -2.95% Y/Y

MNI: US MBA: MARKET COMPOSITE +1.9% SA THRU MAY 17 WK

VIEW CHANGE: Barclays no longer expect June cut

VIEW CHANGE: TDS look for first cut in August and more gradual cuts

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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BULLET: FED BEIGE BOOK: Overall growth moderate rather than..> 

FED BEIGE BOOK: Overall growth moderate rather than "moderate or 
modest" in the last Beige Book, but three districts saw "somewhat below 
average growth." Mfg activity growth moderate. Businesses optimistic 
on near-term outlook, though trade concerns delaying some capex.
-Prices rise at modest to moderate pace in most Districts, though some 
signs of deceleration. Widespread input price pressures reported. 
Tariffs reported to be raising input costs. 
-Districts reported widespread concern over trade tensions. A number of 
districts report trade concerns prompted businesses to reduce or 
postpone capital investment. 
-Labor markets continued to be characterized as tight. High-skilled 
workers remain in short supply. Wage growth "modest to moderate" 
except sharp gains for construction. Some Districts report 
firms increasing benefits and training in order to attract workers. 
-Consumer spending continues to grow at moderate pace. Lending activity 
growth reported throughout nation. 
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