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

CLICK HERE TO READ THE FULL ARTICLE

For more information please contact Rubrics Asset Management. info@rubricsam.com.