24th June 2022

  • Powell Hammers Home ‘Unconditional’ Commitment to Cool Prices

Fed chair testifies before Congress for a second day

Another official backs raising rates 75 basis points in July

https://blinks.bloomberg.com/news/stories/RDXVDWT0AFB4

  • Crude Oil Wilts as Global Recession Concerns Batter Commodities

US benchmark WTI heads for weekly drop as raw materials sink

Fed chief Powell vows to fight fastest US inflation in decades

https://blinks.bloomberg.com/news/stories/RDYR1QT0G1KW

  • Banks Ace Fed Stress Tests, Pave Way for Shareholder Payouts

Results show top firms could withstand a severe recession

Large lenders are poised to return $80 billion to investors

https://blinks.bloomberg.com/news/stories/RDY9XMT0AFB4

  • HSBC’s Major Says Yields Likely Peaked as Recession Risks Grow

US officials well served by keeping financial conditions tight

Fed officials may have market ‘where they want to,’ Major says

https://blinks.bloomberg.com/news/stories/RDX2XYT0G1KZ

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