Macro Briefing: 23 May 2019

Trump rules out working with Dems on infrastructure legislation: WSJ
Pessimism rising for outlook re: US-China trade conflict: Bloomberg
US Navy sails through Taiwan Strait, again: Reuters
PMI: Eurozone growth remains subdued in May: IHS Markit
British prime minister reportedly ready to resign: CNBC
Fed minutes: no rate changes on the horizon: CNBC
Vanguard issues new 10yr return forecasts for US stocks (4%-6%):
5-year Treasury inflation forecast falls to four-month low — 1.68%: