23rd May 2023

  • Two Fed Hawks Say More Rate Hikes May Be Needed to Quell Prices

St. Louis Fed’s Bullard sees two more rate increases in 2023

Minneapolis’s Kashkari calls June pause a ‘close call’

https://blinks.bloomberg.com/news/stories/RV305MT0G1KW

  • Biden-McCarthy Debt Talk Ends With Optimism, But Without a Deal

Speaker says ‘tone’ of meeting was better than earlier talks

Oval Office meeting lasted for over an hour Monday evening

https://blinks.bloomberg.com/news/stories/RV3F6CDWLU68

  • Yellen Says It’s Now ‘Highly Likely’ US Out of Cash Early June

Negotiations have yet to produce debt-limit agreement

Goldman Sachs is among those seeing June 8-9 as critical

https://blinks.bloomberg.com/news/stories/RV2TUCDWLU68

  • US Default Scenarios Span From Localized Pain to Dimon’s ‘Panic’

Market participants have done contingency planning for default

Dimon warns of potential for irrational reactions by investors

https://blinks.bloomberg.com/news/stories/RUX6AGT0AFB4

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