2nd June 2022

  • Fed Hawks and Doves Stay the Course on Rate Hikes to Cool Prices

Daly, Barkin and Bullard back raising rates to curb demand

Resolve undimmed by anecdotal reports that economy is slowing

https://blinks.bloomberg.com/news/stories/RCTDC7T0G1L0

  • US Manufacturing Growth Unexpectedly Firms on Stronger Orders

ISM May purchasing managers index rose to 56.1; est. 54.5

New orders index advances to highest in three months

https://blinks.bloomberg.com/news/stories/RCSYPFT1UM0Z

  • Dimon Says Bank Is Bracing Itself for Economic ‘Hurricane’

Says Fed actions, war in Europe create unprecedented challenge

Still too soon to say how intense the storm will be, CEO says

https://blinks.bloomberg.com/news/stories/RCT0HXT0G1L3

  • US Economy Shows Signs of Downshifting as Rates, Inflation Bite

Four districts noted that the pace of growth had slowed

Three districts said price increases had ‘moderated somewhat’

https://blinks.bloomberg.com/news/stories/RCTB7RT0AFB4

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