Headlines May 17

Japanese GDP QoQ Actual -1.3%, Forecast -1.1%, Previous 2.8% (USD/JPY strengthened).

Fed's Kaplan: I still believe the first rate increase could occur in 2022.

Fed's Kaplan: We have tools to deal with inflation, but if we need to use them they can have some jarring effects.

By the end of the 2020s, the UK economy could resemble that of Italy, according to a report - The Guardian.
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BoE Vlieghe: This year, transient bottlenecks and base effects are expected to drive UK inflation above target for a while.