4th April 2022

  • Fed Seeking to Find Where ‘Phantom Menace’ Neutral Rate Sits

Neutral interest rate neither speeds nor slows growth

Getting it wrong increases the peril of triggering a recession

https://blinks.bloomberg.com/news/stories/R9OAWPDWRGG2

  • U.S. Hiring Stays Robust as Jobless Rate Falls, Wages Pick Up

Payrolls advanced by 431,000, unemployment rate down to 3.6%

Wages also advanced, supporting aggressive Fed tightening

https://blinks.bloomberg.com/news/stories/R9O2VMDWX2PS

  • Fed’s Daly Sees Growing Chance of Half-Point Rise in May: FT

San Francisco Fed chief cites inflation, tight labor market

FOMC raised benchmark rate by a quarter-point in March

https://blinks.bloomberg.com/news/stories/R9RJ9GT1UM0W

  • Oil Holds Below $100 as Traders Weigh China Outbreak, SPR Sales

Vitol Group warns current levels don’t fully reflect the risks

Traders await release of Saudi crude pricing for May cargoes

https://blinks.bloomberg.com/news/stories/R9SPKGT1UM0W

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