Macro Briefing: 13 May 2022

* Russia says it will “retaliate” if Finland Joins NATO
* Finland wants to join NATO. Sweden may be next
* Fed Chair Powell says soft economic landing may be beyond Fed’s control
* US housing market showing nascent signs of cooling
* US wholesale inflation continues to accelerate in April
* Oil giant Saudi Aramco overtakes Apples as world’s most valuable company
* How will the next recession unfold? Here are several possibilities:

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