Daily Archives: Jun 13, 2022 at 07:09 am EDT

Macro Briefing: 13 June 2022

* Fed Chair Powell may face choice between inflation or recession
* Another Fed rate hike expected this week, and more to come
* “Ferocious” outbreak of Covid in Beijing raise doubts about China’s reopening
* UK economy contracts for second month in April
* US dollar’s rise to 20-year high translates to hefty losses for US Firms
* The worst of the global food crisis may lie ahead
* Bitcoin falls below $24,000, lowest since Dec. 2020
* Consumer sentiment in US slumps to record low in early June
* US consumer inflation rises to annual rate of 8.6% in May, a 40-year high:

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