5th May 2022

  • Fed Hikes Rates Half-Point as Powell Signals Similar Moves Ahead

Interest-rate increase marks largest upward move since 2000

Stocks rally as Powell pushes back on 75 basis-point Fed move

https://blinks.bloomberg.com/news/stories/RBDLSRT0AFB4

  • Powell Vows to Curb Inflation With Hikes That Risk Economic Pain

Fed chief sets aggressive path, stops short of drastic action

Expresses confidence rate hikes won’t induce recession

https://blinks.bloomberg.com/news/stories/RBDJN7T0AFB9

  • Central Banks Told That Risk of Wage-Price Spiral Is Real

BIS paper cites dangers from return of wage indexation

The prospect ‘warrants close attention’ from policy makers

https://blinks.bloomberg.com/news/stories/RBCZ2UT1UM10

  • Bond Turbulence Far From Over as Inflation Fears Haunt Fed Path

Powell pours cold water on prospect for 75 basis point hike

Long bond yields climb with market inflation expectations

https://blinks.bloomberg.com/news/stories/RBE3CAT0G1KW

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