- Survey released covering investor outlook for the bond market in May 2026
- Includes expectations on yields, inflation and monetary policy stance
- No significant shift in risk appetite reported compared with previous month
May 20, 2026
▲ 1– 6
Markets 1
Macro/Economy 2
- Bank account ownership among U.S. adults rose to 96% from 92% fifteen years ago.
- Only about 31% of Americans report feeling financially healthy, revealing a large gap.
- The "$400 test" shows 37% of households lack cash to cover an unexpected $400 expense.
- Federal Reserve surveys (SCF and SHED) continue to track financial wellbeing and inform policy.
- AI-driven data analysis is expanding how financial institutions measure and improve outcomes.
- Revised compilation method for Real exports and Real imports to improve accuracy
- Changes to publication format and schedule, with Real export and import series now released one business day after 'Trade Statistics (Provisional)'
- Figures for April 2026 to be released on May 22, 2026
Central Banks 2
- Proposal seeks public comment on a new 'payment account' for legally eligible financial institutions to clear and settle payments via Fed services
- Accounts exclude intraday credit, discount window access, and interest; overdrafts prevented via automated controls
- Temporary pause on Tier 3 institution access requests until policy finalization; comment period open for 60 days
- Fed officials discussed inflation and labor market conditions in April
- Committee members debated the pace of interest rate hikes
- No major policy changes announced
Energy/Oil 2
- Russia and China agree to revive Power of Siberia 2 pipeline project
- Pipeline would carry 50 billion cubic meters of gas annually from Russia to China
- Iran war disrupts energy supplies, creating fresh incentives for Beijing to consider overland pipeline
- In Jan‑Apr 2026, MISO coal dark spread outpaced natural‑gas spark spread
- Electricity, natural‑gas and coal price trends support coal's economic edge
- Higher dark spread suggests continued coal dispatch in the Midcontinent grid
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