23rd June 2023
- Fed’s Powell Says US May Need One or Two More Rate Hikes in 2023
Working families suffer most directly from inflation, he says
Powell is presenting the Fed’s economic update on Capitol Hill
https://blinks.bloomberg.com/news/stories/RWO9PWDWRGG0
- Global Inflation Alarm Augurs a Long Hot Summer of Rate Hikes
Powell signal for more hikes echoed by BOE, SNB, Norges Bank
Economic growth set to be taxed by further monetary tightening
https://blinks.bloomberg.com/news/stories/RWNN72T1UM0W
- Yellen Sees Lower Recession Risk, Says Consumer Slowdown Needed
Further slowdown in price gains is ‘in the pipeline,’ she says
China being more constructive in debt talks, improves standing
https://blinks.bloomberg.com/news/stories/RWO34NT0AFB4
- Oil Suffers Steep Weekly Decline as Fed Flags Further Tightening
Fed Chair Powell says US may need one or two more rate hikes
US benchmark has lost more than 4% this week as dollar rallies
https://blinks.bloomberg.com/news/stories/RWOV6VT0AFB4
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