4th May 2023

  • Fed Hikes Rates by Quarter Point, Powell Hints at Possible Pause

FOMC omits line anticipating more hikes may be appropriate

Tighter credit likely to weigh on economy, FOMC says

https://blinks.bloomberg.com/news/stories/RU3K0WT1UM0X

  • Bond Traders Double Down on Fed Cut Bets as Hike Risks Dwindle

Yield curve sharply steepens as market anticipates lower rate

Investors are betting on easing by year end and more in 2024

https://blinks.bloomberg.com/news/stories/RU3LKBT0AFB4

  • US Service Industry Expands at a Modest Pace as Activity Cools

ISM gauge edged up to 51.9 last month after March stumble

Business activity measure slid to lowest level since 2020

https://blinks.bloomberg.com/news/stories/RU35YXT1UM0W

  • White House Warns Debt-Limit Breach Could Kill Millions of Jobs

Prolonged default would see markets crater, GDP plummet

Even brief default would see jobs lost, economic advisers say

https://blinks.bloomberg.com/news/stories/RU3OY2T0G1KW

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