Macro Briefing: 2 May 2018

Legal showdown approaches for Trump’s lawyers with Mueller: CNN
US auto sales post slide in April after strong rise in March: Reuters
ISM Mfg Index for US slumps as prices for raw materials accelerate: MW
US Mfg PMI rises to highest level in 3-1/2 years in April: IHS Markit
Construction spending in US tumbled in March: MW
Fed funds futures: no change in rates for today’s FOMC announcement: CME
US Dollar Index jumps to highest level since January: Reuters
2yr Treasury yield edges up to 9yr high ahead of today’s Fed announcement: MW