22nd June 2023

  • US Curve Inversion Deepens to One Percentage Point After Powell

Inversion now widest since before March banking-sector fears

Powell signals Fed pause may be followed by more tightening

https://blinks.bloomberg.com/news/stories/RWMOW3DWX2PS

  • Powell Signals Higher Rates as Lawmakers Press Him on Bank Rules

Says the timing of rate moves will be decided at each meeting

Powell fields questions on Fed’s response to bank failures

https://blinks.bloomberg.com/news/stories/RWM8HADWRGG0

  • Fed’s Bostic Sees No Need for More Rate Hikes for Rest of 2023

Letting restrictive policy work a while is prudent, he says

As inflation slows, real rates rise so policy becomes tighter

https://blinks.bloomberg.com/news/stories/RWMC6FDWLU68

  • Inflation Would Be Same Today Even If Fed Had Tightened Earlier

Bloomberg Economics model says liftoff timing mattered little

Fed would have required ‘sharp recession’ to prevent inflation

https://blinks.bloomberg.com/news/stories/RWMGD0T0AFB4

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