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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