27th April 2023

  • GDP, Employment Costs Seen Keeping Fed Tilted Toward Rate Hike

First-quarter GDP seen growing 2% on firmer consumer spending

Employment costs, price measures projected to stay elevated

https://blinks.bloomberg.com/news/stories/RTQ61DDWRGG0

  • Goldman Says Big US Tax Haul Means Debt-Limit Deadline in July

Goldman had cautioned that June was a rising possibility

House on Wednesday passed debt-limit bill opposed by Biden

https://blinks.bloomberg.com/news/stories/RTQVD5T0AFB4

  • Bank Turmoil Seen Crimping Credit at Double Powell’s Estimate

Most economists see half-point hike impact or more from banks

Consensus sees recession coming, likely this quarter or next

https://blinks.bloomberg.com/news/stories/RTQO6LDWX2PS

  • First Republic Is Said to Face Potential Fed Borrowing Curb

FDIC considers lowering bank’s ratings if deal isn’t reached

Doing so would likely limit firm’s access to Fed’s facilities

https://blinks.bloomberg.com/news/stories/RTQPECDWLU68

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