Category: Headlines
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ECB’s Lane says not seeing wage-price spiral, “it’s more like an inverse spiral”; wages inevitability need to catch up and that will slow disinflation
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ECB’s Nagel says tight labour market could result in persistent inflationary pressures; rates have not peaked and eventual peak must be held for an extended period
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BoE raises its Bank Rate by 50bps to 5.00% (vs exp. 25bps hike); HIKE VOTE SPLIT: 7-2 for a hike (7 hike, 2 unchanged); MAGNITUDE VOTE SPLIT: 7-2 (7 for 50bps, 2 for unchanged); Dinghra and outgoing member Tenreyro voted for unchanged
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Fed Vice Chair nominee Jefferson (voter, dovish) says recent bank troubles represent downside economic risk, watching commercial real estate (CRE) for risks
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Fed Chair Powell says there is an expectation that the ratio of job openings to unemployed people will come down; says that’s a way for labor market to become less tight without having unemployment rise
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Russian President Putin said usage of nuclear weapon is possible in theory in case of danger to our territory, but there is no need; we have more such weapons that NATO has
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PUTIN: RUSSIA HAS TRANSFERRED FIRST NUCLEAR WEAPONS TO BELARUS
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Russian President Putin says if F16s are deployed outside Ukraine’s borders but utilised in combat actions, could consider how and where to hit them
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US U Mich Sentiment Prelim (Jun) 63.9 vs. Exp. 60.0 (Prev. 59.2)
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Fed Governor Waller says that right now, everything “seems to be calm” in the US banking system