Daily Archives: May 12, 2023 at 07:30 am EDT

Macro Briefing: 12 May 2023

* US cities prepare for surge of migrants after change of immigration rules
* House passes bill to restrict flow of immigrants into US
* Fed’s Bowman says more rate hikes needed if inflation, job market stay strong
* Debt ceiling meeting between Biden and congressional leaders postponed
* Uncertainty persists about exactly when Treasury will run out of cash
* Regional bank stock remain volatile as PacWest Bancorp shares sink
* Corporate bond market may offer opportunity in debt-ceiling crisis
* US wholesale inflation continues to ease in April
* US jobless claims rise to 1-1/2 year high:

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