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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