9th May 2024

  • Fed’s Collins Says Reaching 2% Inflation Goal May Take Longer

Progress will likely require slower economic growth, she says

‘Methodical perseverance’ will be needed amid uneven progress

https://blinks.bloomberg.com/news/stories/SD6EP5DWRGG0

  • New York Fed’s Perli Says Prudent to Slow Balance-Sheet Runoff

Slower pace offers chance for liquidity to be redistributed

Makes sense to slow now amid uncertainty around ample reserves

https://blinks.bloomberg.com/news/stories/SD6ML3DWLU68

  • Trump Individual, Estate Tax Cut Renewal to Cost $4.6 Trillion

US deficit in 2024 seen rising closer to $2 trillion, CBO says

CBO Director Swagel sees ‘daunting’ US fiscal outlook

https://blinks.bloomberg.com/news/stories/SD6I82DWX2PS

  • House Democrats Quash Ouster of Partisan Foe Speaker Johnson (2)

Reliance on opposition party leaves speaker’s strength unclear

Democratic leader declines to commit to rescuing Johnson again

https://blinks.bloomberg.com/news/stories/SD6VQMT1UM0W

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