The US Federal Reserve maintained its interest rate at 4.5%, in line with market expectations. US wholesale sales growth slowed to 0.6% month-over-month, below the forecasted 0.9%, and down from a previous 2.4%. In the Treasury market, the US conducted a $25 billion 30-year bond auction with a high yield of 4.819%, slightly up from the previous 4.813%, and a bid-to-cover ratio of 2.31, lower than the prior 2.43. The auction awarded 24.05% of bids at the high yield, with primary dealers taking 13.92%, direct bidders 27.21%, and indirect bidders 58.88%. Additionally, the US 4-week bill auction saw a high yield of 4.225% and a bid-to-cover ratio of 2.82, with $85 billion sold and 77.10% of bids awarded at the high rate. In other economies, Japan reported a 2.1% year-over-year increase in household spending for March, marking the first rise in two months, despite a dip in real wages and a decline in overtime pay. Swiss consumer confidence fell to -43, worse than forecasts and prior readings. Norway's consumer price index rose 0.7% month-over-month, exceeding expectations. In Canada, the participation rate held steady at 65.3%, and the swaps market now prices a 52% chance of a Bank of Canada rate cut in June, up from 46% before recent jobs data. Meanwhile, traders have reduced expectations for Bank of England easing, now assigning a 20% probability of a rate cut in June.