Daily Archives: Jan 11, 2023 at 07:03 am EST

Macro Briefing: 11 January 2023

* World Bank sharply lowers growth outlook for world economy in 2023
* Powell says Fed may need to make unpopular decisions to stabilize prices
* West’s war on Russia’s oil revenues is starting to take toll on country’s finances
* US and allies preparing new sanctions on Russian oil industry
* Cryptocurrency exchange platform Coinbase is laying off 950 employees
* Narrower measures of core inflation are in focus for tomorrow’s CPI report
* First AI-powered robot lawyer to make debut in a US court
* Policy-sensitive 2-year US Treasury yield remains relatively steady at ~4.2%:

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