25th May 2023

  • US Credit Rating at Risk of Fitch Cut on Debt-Limit Impasse

Ratings company warns on worsening political partisanship

Treasury bill yields maturing early June surged Wednesday

https://blinks.bloomberg.com/news/stories/RV73QIT1UM0W

  • Fed Officials Lean Toward Pause in June, But Not Ready to Stop

‘Several’ said more tightening ‘may not be necessary’: minutes

‘Some’ said more increases would ‘likely be warranted’

https://blinks.bloomberg.com/news/stories/RV6OP0DWX2PS

  • Fed’s Bostic Says Flexibility Will Be Key in Interest-Rate Calls

Data will guide, don’t want to be locked into specific moves

Repeats view that rate cuts unlikely until well into 2024

https://blinks.bloomberg.com/news/stories/RV6N8QDWX2PS

  • Social Security Looms as Ultimate Enforcer of Debt-Limit Deal

Millions of Americans are due a benefit payment next Friday

Yellen says ‘difficult choices’ loom if Treasury cash runs out

https://blinks.bloomberg.com/news/stories/RV4LOADWX2PS

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