The mixed news on inflation earlier this week didn’t help, but neither did sticky inflation news derail expectations that the Federal Reserve will start cutting interest rates in June. Yet uncertainty about the timing is creeping higher, as a confluence of factors muddy the outlook.

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* Wall Street forecasters are playing catch-up with strong US economy
* House passes bill that will force either ban or sale of Tik Tok
* New data reaffirms that US is world’s leading oil producer
* Global oil demand expected to cool vs. 2023, predicts IEA
* Demand for mortgages rebounds as 30-year fixed rate dips below 7%
* US gasoline benchmark price rises to six-month high:

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