Federal Reserve Chairman Jerome Powell on Friday spoke the words that investors have longed to hear: the rate-hiking cycle is ending. Except that maybe it isn’t.
Daily Archives: May 23, 2023
Macro Briefing: 23 May 2023
* Biden-McCarthy debt-ceiling meeting is ‘productive’ but no deal yet
* Treasury Sec. Yellen again warns that US will run out of funds as early as June 1
* US Treasury will issue up to $700 billion in T-bills after debt ceiling is raised
* Pause on rate hikes in June wouldn’t signal end to hiking cycle: Fed’s Kashkari
* Fed’s Bullard says two more rate hikes needed this year
* Share of Americans feeling worse about their finances at 9-year high
* Japan growth will outpace US and Europe over next 2 years, predicts CLSA Ltd
* Can Australia end its lithium-export dependence to China? It aims to try
* Weak mfg activity pulls Eurozone economic growth down to 3-month low in May:
