7th June 2023

  • World Bank Says Global Economy in Precarious State as Rates Rise

Lender raises 2023 growth forecast but cuts 2024 prediction

Growth seen slowing significantly in second half of 2023

https://blinks.bloomberg.com/news/stories/RVRREUDWX2PS

  • Bond Buyers Are Betting Fed Can Bring Back a Low-Rate World

Fed officials’ long-run neutral rate median forecast is 2.5%

Investors see a Fed inflation win driving Treasury yields down

https://blinks.bloomberg.com/news/stories/RVU6Y4T0G1KW

  • Goldman Lowers US Recession Probability to 25% After Debt Deal

It had boosted the probability to 35% after March bank crisis

Bank stress still expected to subtract from US GDP in 2023

https://blinks.bloomberg.com/news/stories/RVTXQ1DWRGG0

  • Oil Extends Drop as Demand Concerns Overshadow Saudi Output Cut

Chinese trade data on Wednesday reflects weaker global demand

WTI falls toward $71 after declining 0.6% in previous session

https://blinks.bloomberg.com/news/stories/RVV4VRDWLU68

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