Rubrics Morning Comment 14.04.23 – Rubrics – Asset Management

14th April 2023

Fed’s Emergency Loans to Banks Fall for Fourth Straight Week

Borrowing from new facility falls for first time since opening

Combined loans to banks totaled $139.5 billion in latest week

https://blinks.bloomberg.com/news/stories/RT2QQBDWRGG0

White House Rejects Fed Staff Outlook, Says No Sign of Recession

Fed minutes show staff expect ‘mild recession’ later this year

Biden spokeswoman says jobs, consumer data indicate otherwise

https://blinks.bloomberg.com/news/stories/RT1QT3DWRGG1

US Producer Prices Fell in March by Most Since Start of Pandemic

Index slid 0.5% in March, mostly due to cheaper gasoline costs

Ex-food, energy and trade services, PPI rose least since 2020

https://blinks.bloomberg.com/news/stories/RT25DQDWX2PS

Oil Drives Toward Fourth Weekly Gain as Global Market Tightens

Traders await monthly outlook from IEA after OPEC sees deficit

WTI rises above $82 a barrel, taking weekly climb to about 2%

https://blinks.bloomberg.com/news/stories/RT3E23T1UM10

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