First Squawk

DUKE ENERGY: PURCHASED POWER COSTS TO BE REFLECTED IN CUSTOMER RATES FROM JUNE 1; CAROLINAS CUSTOMERS TO SEE $6.90/MONTH INCREASE, PROGRESS CUSTOMERS $7.88/MONTH INCREASE (@FirstSquaw)

DUKE ENERGY: REQUESTS RECOVERY OF $500 MLN FOR CAROLINAS & $309 MLN FOR PROGRESS IN WINTER COSTS; PROPOSES SPREADING COST RECOVERY OVER 19 MONTHS (@FirstSquaw)

IMF: JAPAN HAS NOT SEEN SIGNIFICANT INFLATION PASS-THROUGH FROM WEAK YEN IN 2025; BOJ CAN LOOK THROUGH MIDDLE EAST CONFLICT INFLATIONARY PRESSURES AS SECOND-ROUND EFFECTS WILL BE MODERATE (@FirstSquaw)

IMF: WEAK YEN HAS HELPED JAPAN ABSORB SOME IMPACT FROM HIGHER US TARIFFS; YEN LEVEL MUST BE DETERMINED BY MARKETS (@FirstSquaw)

US-IRAN TALKS LIKELY TO RESUME IN PAKISTAN NEXT WEEK - MSNBC CITING 2 PAKISTANI OFFICIALS (@FirstSquaw)

US TREASURY SEC. BESSENT: US SEEKS TO DETER FUTURE ATTACKS IN SAUDI MEETING (@FirstSquaw)

SENIOR US OFFICIAL: TRUMP WOULD WELCOME END TO FIGHTING AS PART OF ISRAEL-LEBANON AGREEMENT - AXIOS (@FirstSquaw)

SENIOR US OFFICIAL: US HAS NOT FORMALLY REQUESTED ISRAELI CEASEFIRE IN LEBANON; NOT PART OF IRAN PEACE TALKS - AXIOS (@FirstSquaw)

FED'S MUSALEM: UNEMPLOYMENT RATE COULD CLIMB AS ECONOMIC GROWTH SLOWS, THOUGH PERHAPS ONLY BY A COUPLE TENTHS OF A PERCENTAGE POINT (@FirstSquaw)

FED'S MUSALEM: LOWERED GDP ESTIMATES FOR YEAR TO 1.5%-2% FROM 2%-2.5% PRIOR TO WAR; NO CLEAR IMPACTS YET FROM WAR ON CONSUMPTION (@FirstSquaw)

FED'S MUSALEM: CURRENT INTEREST RATE RANGE LIKELY APPROPRIATE 'FOR SOME TIME'; EASING TARIFF IMPACT WILL HELP LOWER INFLATION, HOUSING INFLATION ALSO TRENDING IN RIGHT DIRECTION (@FirstSquaw)

FED'S MUSALEM: OIL SHOCK LIKELY FEEDING CORE INFLATION, EXPECTED NEAR 3% THROUGH YEAR-END; SUPPLY SHOCKS PUT FED'S INFLATION & EMPLOYMENT GOALS AT RISK (@FirstSquaw)