Macro Briefing: 14 June 2018

South Korea will consider changes to military policy for N. Korea: Reuters
European Central Bank set to wind down monetary stimulus: Reuters
Trump says he’ll confront China “very strongly” on trade: Bloomberg
US, Saudi Arabia and Russia agree on goal of lower energy prices: NY Times
China industrial output up 6.8% in May, just below expectations: RTT
Fed raises interest rates and expects two more in 2018: MarketWatch
Fed policy suggests an inverted yield curve is near: Bloomberg
Median Fed US GDP growth forecast for 2018 ticks up to 2.8%: CNBC
US producer prices post biggest annual gain in over 6 years in May: Reuters
Firms’ inflation outlook mostly unchanged at 2.1% for year ahead: Atlanta Fed
10-2-year Treasury spread dips below 40 basis point for first time since 2007: