6th June 2023

  • US Services Activity Nearly Stalls as Price Gauge Slides

ISM measure decreased in May to a five-month low of 50.3

Index of prices paid for inputs dropped to a three-year low

https://blinks.bloomberg.com/news/stories/RVSAIBDWRGG0

  • Fed Skip-a-Hike Strategy Is Sensible, Risky and Confusing

Powell must explain why Fed is pausing now, but isn’t done yet

Holding rates steady in June could make it harder to restart

https://blinks.bloomberg.com/news/stories/RVMX42DWRGG0

  • Treasury’s Flood of Bill Issuance Is Latest Test for Banks

Higher bill rates will offer bank depositors an alternative

Assets of money-market funds are already at record level

https://blinks.bloomberg.com/news/stories/RVSQYKDWRGG0

  • Oil Falls as Optimism Over Saudi-Led Production Cut Fades Fast

Kingdom raised July crude prices after pledge to curb output

WTI dips below $72 a barrel after closing 0.6% higher Monday

https://blinks.bloomberg.com/news/stories/RVTC5NT0AFB4

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