26th May 2022

  • Traders Defy Fed Hawks as Half-Point Hike in July in Doubt

Swaps no longer price 100 basis points over next two meetings

Most Fed officials see need for half-point hikes, minutes show

https://blinks.bloomberg.com/news/stories/RCGAADDWX2PY

  • Fed Saw Aggressive Hikes Providing Flexibility Later This Year

Minutes show support for half-point hikes in June, July

Restrictive interest rates ‘may well become appropriate’

https://blinks.bloomberg.com/news/stories/RCGDXSDWRGG1

  • Oil Extends Gain as US Stockpiles Tighten Before Driving Season

Crude inventories at Cushing drop to lowest level since March

Aramco says markets balanced, companies need to invest more

https://blinks.bloomberg.com/news/stories/RCH4JXDWRGG1

  • Double Crises From Ukraine to China Take Toll on Global Recovery

Bloomberg Economics forecast shows cumulative jolt to growth

Outlook shows major hit to US and euro area economies

https://blinks.bloomberg.com/news/stories/RCG47UDWLU68

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