28th April 2023

  • Fed Emergency Loans Rise Again Amid Renewed Financial Stress

Discount window, Bank Term Funding Program saw increased use

Ongoing banking turmoil complicates monetary policy debate

https://blinks.bloomberg.com/news/stories/RTSKZLDWRGG0

  • Treasury Yields Climb as Inflation Surprise Props Up Fed Wagers

Fed rate increase in May is nearly fully priced into swaps

Longer-maturity yields rise less, flattening the curve

https://blinks.bloomberg.com/news/stories/RTSF2DDWLU68

  • US in ‘Worst of Both Worlds’ With High Inflation, GDP Slowdown

GDP rose 1.1% last quarter, distorted by inventory drawdown

Consumer spending solid but economists cite flagging momentum

https://blinks.bloomberg.com/news/stories/RTS0H5DWLU68

  • Powell Faces Pushback Inside Fed Over Need to Cool Wage Gains

Fed chief has flagged risk rapid pay gains may fuel inflation

Fed presidents Goolsbee, Bullard sound less concerned

https://blinks.bloomberg.com/news/stories/RTRYV9DWX2PS

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