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
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