2nd June 2023

  • Fed’s Harker Says FOMC Should ‘at Least Skip’ June Rate Hike

Hawkish members have said more hikes may be necessary

Bullard: rates at low end of sufficiently restrictive level

https://blinks.bloomberg.com/news/stories/RVL5ITT0AFB4

  • Traders More Comfortable With a Fed Pause as Key Jobs Data Looms

Fed speak favoring a June pause sways bond market rate bets

Payrolls data loom as the next big test for Treasury bulls

https://blinks.bloomberg.com/news/stories/RVLMM1T1UM0W

  • Debt-Limit Deal Clears Congress, Ending Threat of US Default

Bipartisan compromise now heads to Biden for his signature

Deal was a product of intense talks between Biden and McCarthy

https://blinks.bloomberg.com/news/stories/RVLV8NDWX2PS

  • ECB Rates Not Far Off ‘Final Destination,’ Panetta Tells Monde

‘Our monetary tightening will be felt in the coming months’

‘Inflation is too high, but there is no reason to worry’

https://blinks.bloomberg.com/news/stories/RVLZSQT0AFB4

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