3rd June 2022

  • Fed’s Brainard Says Case for September Rate Pause Is ‘Very Hard’

Fed vice chair speaks in interview on CNBC television

Says Fed has ‘lot of work to do’ to lower inflation to 2% goal

https://blinks.bloomberg.com/news/stories/RCV3QET0AFB7

  • Fink Sees Elevated Inflation for Years Amid Supply Shocks

BlackRock CEO says Fed doesn’t have tools to fix supply snarls

Asset managers shouldn’t be the world’s ‘environmental police’

https://blinks.bloomberg.com/news/stories/RCV5R5T0G1LA

  • US Companies Add Fewest Jobs of Pandemic Recovery, ADP Data Show

Firms with fewer than 50 employees shed 91,000 jobs in May

Leisure and hospitality added fewest jobs since December 2020

https://blinks.bloomberg.com/news/stories/RCUNUYT1UM0X

  • Bank of Canada Sees Higher Odds of Rates Over ‘Neutral’ 3% Range

Deputy says central bank worried about entrenched inflation

That could mean higher rates to cool Canada’s expansion

https://blinks.bloomberg.com/news/stories/RCUZE1T1UM12

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For more information please contact Rubrics Asset Management. info@rubricsam.com.