8th May 2023

  • Bond Traders Bet on Biggest Fed Shift in Decades on Credit Risks

Frenzied wagers on a July rate cut followed this week’s hike

Gauges that have been safely ignored for years get attention

https://blinks.bloomberg.com/news/stories/RU6ZDXT0G1KW

  • Hot Jobs Report Raises Odds Fed Keeps Rates Higher for Longer

Nonfarm payrolls rose 253,000 in April, more than estimate

Jobless rate fell to multi-decade low of 3.4%, BLS says

https://blinks.bloomberg.com/news/stories/RU7AUOT0AFB4

  • Yellen Says No Good Alternative to Congress Lifting Debt Cap

Use of 14th amendment would provoke constitutional crisis

Says Biden can’t avoid financial catastrophe without Congress

https://blinks.bloomberg.com/news/stories/RUAOVYDWLU68

  • Fed’s Bullard Says Higher Rates Likely Needed to Cool Inflation

St. Louis chief says base case is slower growth, not recession

Chicago’s Goolsbee warns bank strains could hurt the economy

https://blinks.bloomberg.com/news/stories/RU7DNLT1UM0W

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