15th June 2023
- Powell Says Nearly All Officials Expect ‘Some’ Further Fed Hikes
Policymakers lifted median rate forecast to 5.6% in 2023
Aim of pause is to allow FOMC to assess more incoming data
https://blinks.bloomberg.com/news/stories/RW9BUCT1UM0W
- Powell Dances Between Pause and Hikes in Communication Two-Step
Officials lift forecasts for rates, growth, core inflation
Fed signals break from string of increases likely to be brief
https://blinks.bloomberg.com/news/stories/RWA3BKT1UM0W
- Treasury Curve Points to Renewed Worries on Fed-Driven Recession
Yield curve approaching recent inversion peak reached in March
Bloomberg survey shows 61% see Fed hikes leading to recession
https://blinks.bloomberg.com/news/stories/RW95H2T0AFB4
- Larry Fink Says AI Could Be the Technology That Curbs Inflation
CEO says AI has tremendous potential to boost productivity
BlackRock also aims to double private markets revenue by 2028
https://blinks.bloomberg.com/news/stories/RW94R0T1UM0W
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