9th June 2023

  • US Jobless Claims Surge to 261,000, Highest Since October 2021

Biggest weekly increase in almost two years tops all forecasts

Recurrent applications fall to lowest level since mid-February

https://blinks.bloomberg.com/news/stories/RVXR0YDWRGG0

  • QT Will Soon Begin to Bite With 10% Hit to Liquidity, BNP Warns

Impacts of Fed, ECB unwinding of balance sheets to be visible

Bank says that would hurt risk assets and lift bond yields

https://blinks.bloomberg.com/news/stories/RVXZEQT0AFB4

  • Champion of Key Fed Inflation Gauge Warns Against Dovish Tilt

Brian Sack says Fed anchoring long-run inflation expectations

Yet policymakers can’t take credibility for granted, he warns

https://blinks.bloomberg.com/news/stories/RVJC2WT0G1KW

  • US Seeks to Extend Digital-Tax Freeze as Global Deal Stalls

Lack of extension risks triggering trade dispute with allies

US Treasury committed to deal despite Congress pushback

https://blinks.bloomberg.com/news/stories/RVYBNSDWX2PS

CLICK HERE TO READ THE FULL ARTICLE

For more information please contact Rubrics Asset Management. info@rubricsam.com.