7th June 2023
- World Bank Says Global Economy in Precarious State as Rates Rise
Lender raises 2023 growth forecast but cuts 2024 prediction
Growth seen slowing significantly in second half of 2023
https://blinks.bloomberg.com/news/stories/RVRREUDWX2PS
- Bond Buyers Are Betting Fed Can Bring Back a Low-Rate World
Fed officials’ long-run neutral rate median forecast is 2.5%
Investors see a Fed inflation win driving Treasury yields down
https://blinks.bloomberg.com/news/stories/RVU6Y4T0G1KW
- Goldman Lowers US Recession Probability to 25% After Debt Deal
It had boosted the probability to 35% after March bank crisis
Bank stress still expected to subtract from US GDP in 2023
https://blinks.bloomberg.com/news/stories/RVTXQ1DWRGG0
- Oil Extends Drop as Demand Concerns Overshadow Saudi Output Cut
Chinese trade data on Wednesday reflects weaker global demand
WTI falls toward $71 after declining 0.6% in previous session
https://blinks.bloomberg.com/news/stories/RVV4VRDWLU68
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