4th January 2022

  • U.S. 10-Year Yield Tops 1.6% in Worst Start to a Year Since 2009

Key economic data this week pose risk of earlier rate hikes

Two-year yield exceeds 0.80%, highest since March 2020

https://blinks.bloomberg.com/news/stories/R55QU1T1UM0W

  • White House Likely to Nominate Philip Jefferson for Fed Seat

Jefferson has twice previously worked at the Federal Reserve

Since Fed’s founding, only three governors have been Black

https://blinks.bloomberg.com/news/stories/R55JQUDWRGG0

  • Oil Fluctuates Near $76 Ahead of OPEC+ Meeting on Supply Policy

Alliance expected to agree to output increase for February

OPEC+ committee cuts estimates for surplus in first quarter

https://blinks.bloomberg.com/news/stories/R56A51DWLU6I

  • Biden Launches Plan to Fight Meatpacker Giants on Inflation

White House blames meat companies for rising food prices

Plan includes $1 billion to aid independent meat processors

https://blinks.bloomberg.com/news/stories/R55B2UDWRGG0

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