Raising interest rates always comes with risk for the economy, but the stakes are higher than usual at a time when banking turmoil appears to be reviving. Nonetheless, markets are expecting that the central bank will again lift rates at today’s policy meeting.
Daily Archives: May 3, 2023
Macro Briefing: 3 May 2023
* Federal Reserve expected to raise interest rates again at today’s policy meeting
* Rate hikes should be put on pause after this week, says former Fed vice chair
* Regional US bank shares drop sharply despite rescue of First Republic
* House Democrats unveil plan to force vote on lifting US debt limit
* Leaders of top AI companies to meet at White House today
* Gold price rebounds above $2000 an ounce
* US factory orders recovered in March, boosted by aircraft bookings
* US job openings fell again in March, contracting at a deeper annual rate:
