Macro Briefing: 3 May 2018

Fed leaves rates unchanged but remains on track for more hikes: WSJ
Fed appears to be tolerant of higher inflation: Bloomberg
Trade talks between US and China set to begin in Beijing: Reuters
Trump will likely withdraw from Iran nuclear deal: Reuters
Giuliani says Trump paid hush money: NY Times
Eurozone inflation data surprises with softer rise in April: Reuters
ADP: US private employment growth slowed in April but remained solid: MW
Uptick in global mfg PMI inspires forecasts of stronger global growth: Bloomberg