END OF DAY REPORT April 6th

HIGHLIGHTS

-	Fed's Bullard (non-voter, hawk) says thinks inflation is going to be sticky going forward; rates are now in the low end of sufficiently restrictive range Need to stay at it to get inflation back down to 2
-	Fed's Bullard says he is less enamoured with the argument that credit conditions will tighten appreciably to send the economy into a recession; 
        not that clear to him that there will be much of a pullback in lending Has not yet reviewed Thursday's revisions to jobless claims data. Housing market still seems tight due to inventory shortages.
        Inflation seems to be leveling off but really wants to see it on a clear downward trend, can't     declare victory too early. Financial stress appears to have abated for now. JOLTS data still bouncing around at a very high level, can't take much of a 
        signal from the latest report. Sees an 85% probability that financial stress will continue to abate, which if so, Fed should stick to its interest rate path and get inflation down while the labour market is still strong
-	US President Biden to propose "toughest-ever" auto-emissions rules to incentivise EVs, according to Bloomberg