1st September 2022
- Fed’s Mester Backs Rates Above 4% Early Next Year, No 2023 Cuts
Official sees unemployment rate rising above 4% this year
She forecasts inflation moving to 5% to 6% by year end
https://blinks.bloomberg.com/news/stories/RHHDUJDWX2PS
- Oil Retreats as Demand Concerns Escalate, Dollar Pushes Higher
China to lock down megacity Chengdu as Covid Zero rolls on
US currency rises toward record high as Fed battles inflation
https://blinks.bloomberg.com/news/stories/RHIKWET1UM0X
- Losses Mount for Global Bonds as Hawkish Fed Message Intensifies
Fed’s Mester adds to pushback against 2023 rate cut bets
Two-year Treasuries at highest since 2007, Asia bonds drop
https://blinks.bloomberg.com/news/stories/RHIA9XDWRGG1
- The Fed Is About to Go Full Throttle on QT. Fear Not: Kevin Muir
Quantitative easing clearly boosted financial assets. But it would be a mistake to think that $95 billion of quantitative tightening every month would have the opposite effect.
https://blinks.bloomberg.com/news/stories/RHH2CRDWLU69
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