Daily Archives: Jun 22, 2022 at 07:29 am EDT

Macro Briefing: 22 June 2022

* Tensions rising between Moscow and NATO over Russia’s Kaliningrad enclave
* Japan on high alert amid activity by Chinese and Russian warships near its coast
* IEA warns Europe to prepare for total shutdown of Russian gas exports
* Russia earns more oil revenue than before war due to China and India
* Biden expected to call for 3-month suspension of gas tax
* Fed expected to lift rates by 3/4 percentage point again in July
* UK inflation ticks up to new 40-year high: +9.1% annual pace in May
* Existing home sales in US fell for fourth straight month in May
* US growth slowed in May via Chicago Fed business-cycle index:

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