1st June 2023

  • Debt-Limit Deal Wins House Passage, Easing US Default Concerns

Measure heads to Senate, where passage is virtually certain

Bipartisan coalition of moderates pushes bill through House

https://blinks.bloomberg.com/news/stories/RVJYPET0AFB4

  • Fed Signal for Rate Pause Takes Pressure Off Hot Jobs Report

Remarks by vice chair nominee seen as clear signal for no hike

Market pricing for June hike plunged after Jefferson’s speech

https://blinks.bloomberg.com/news/stories/RVK4OKT0AFB4

  • Fed’s Beige Book Shows Hiring, Inflation Cooling Across US

Pace of employment growth slowing, survey by Chicago Fed shows

Prices rose moderately, but at slower rate in many districts

https://blinks.bloomberg.com/news/stories/RVJBYYDWLU68

  • Fink Says Fed ‘Not Finished’ Hiking Rates in Inflation Fight

BlackRock CEO Fink sees two to four additional rate increases

Debt-ceiling drama ‘destabilizing’ to how investors view US

https://blinks.bloomberg.com/news/stories/RVJ8E2DWX2PS

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