11th May 2023

  • US Inflation Shows Signs of Moderating, Giving Fed Room to Pause

Consumer prices rose 4.9% on an annual basis, below forecast

Narrow service measure watched by Fed also cooled in April

https://blinks.bloomberg.com/news/stories/RUG2I9DWLU69

  • Yellen Says Debt Default Would Hurt US International Leadership

Says US national security could also take a hit from default

Treasury chief speaks at G-7 meeting in Niigata, Japan

https://blinks.bloomberg.com/news/stories/RUH0BMT0G1KW

  • Biden Presses for China Contact Despite Risks of Losing Leverage

US proposes flurry of calls, meetings with Chinese officials

China has largely shut out US since balloon incident

https://blinks.bloomberg.com/news/stories/RUG2XWDWLU6B

  • Trump Urges Republicans to Get Spending Cuts or Push US Default

Former president maintains party grip as 2024 GOP frontrunner

President Biden set to reconvene congressional leaders Friday

https://blinks.bloomberg.com/news/stories/RUGZ7MT0AFB4

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