Macro Briefing: 8 May 2018

Trump will announce decision on Iran nuclear deal today: Reuters
Iran’s currency near record lows ahead of Trump decision on nuclear deal: Reuters
More Venezuelan soldiers are deserting ahead of presidential election: Bloomberg
China’s trade surplus with US rises more than expected in April: CNBC
US consumer credit growth slowed in March to 6-month low: MW
Fed chairman: markets expect gradual rate hikes: Bloomberg
White House looking for bigger-than-expected spending cuts: Fiscal Times
Former Fed governor: the Fed should consider its own cryptocurrency: NY Times
US oil prices top $70 on Monday for first time since Nov 2017: Reuters